This course provides an overview of recent FASB and AICPA activity, including recently issued and proposed Accounting Standards Updates (ASUs); the latest on the new lease accounting standard, Topic 842; and other relevant ASUs. It also reviews standards related to SSARS engagements and best practices for peer review and audit quality.
DESIGNED FOR
Accounting and attestation practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard setters’ activities
BENEFITS
- Review recently issued and proposed FASB Accounting Standards Updates.
- Review the FASB’s new lease accounting standard, Topic 842 and Topic 326 on impairments.
- Be knowledgeable on matters on the FASB’s technical agenda.
- Understand SSARS No. 21, Clarification and Recodification, and other recently issued or proposed SSARS.
- Be familiar with new and proposed AICPA and PCAOB releases.
- Utilize hands-on examples and illustrations to increase your overall understanding and application of the material.
HIGHLIGHTS
- Recently issued FASB Accounting Standards Updates and PCC activity
- Leases -- Topic 842
- Impairment -- Topic 326
- Lessons learned from the adoption of Topic 606
- Other items on the FASB’s Technical Agenda
- Recently issued SASs and other AICPA and PCAOB activity
- SSARS No. 21, Clarification and Recodification, and other recently issued SSARS
- Peer review and other audit quality issues
- Other important A&A practice matters
COURSE LEVEL
Update
PREREQUISITES
Experience in accounting and attestation
ADVANCE PREPARATION
None