Stay informed and prepared with this comprehensive annual update on the latest developments in accounting and auditing. We'll begin with a deep dive into the Accounting Standards Updates (ASUs) effective in 2025, followed by insights from the FAF's 2024 PCC Review and an overview of FASB's Invitation to Comment - Agenda Consultation, which will shape the future of accounting standards.
DESIGNED FOR
Accountants and Auditors
BENEFITS
After attending this presentation, you will be able to...
- Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting.
- Recall the changes made to PCC processes as a result of the 2024 PCC Review.
- Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation.
- Identify the components of quality management.
- Recall deficiencies identified by the DOL for EBP audits.Recall key projects of the Auditing Standards Board.
HIGHLIGHTS
The major topics that will be covered in this course include:
- Deep dive into the Accounting Standards Updates (ASUs) effective in 2025.
- Insights from the FAF's 2024 PCC Review.
- Overview of FASB's Invitation to Comment - Agenda Consultation.
- The essential changes in quality management standards that firms must implement by the end of 2025.
- Common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB).
PREREQUISITES
Prior experience with GAAP & GAAS
ADVANCE PREPARATION
None