This course will start with the Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits. We'll then switch our attention to the items coming down the pike, including a look at the projects identified by the FASB's Invitation to Comment: Agenda Consultation.
DESIGNED FOR
Accountants in public practice and industry
BENEFITS
After attending this presentation, you will be able to...
- Recall the impact of recently issued ASUs on financial reporting.
- Analyze the impact of recent SASes on audit engagements.
- Identify the impact of the SQMSs on firms.
HIGHLIGHTS
The major topics that will be covered in this course include:
- Accounting Standard Updates
- Projects identified by the FASB's Invitation to Comment: Agenda Consultation.
- Year 2 considerations for leases including modification accounting.
- The impact of the changes to auditing group audits
- The status of the AICPA's quality management project management.
- The current work of the ASB.
COURSE LEVEL
Update
PREREQUISITES
Prior experience with GAAS & GAAP
ADVANCE PREPARATION
None