This episode covers FASB updates, including ASU 2022-03 on fair value measurement and the 2021 Agenda Consultation Report. It also covers several AICPA updates, including new NOCLAR requirements and accounting and auditing for digital assets.
HIGHLIGHTS
- FASB ASU 2022-03 – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions
- Highlights of the FASB 2021 Agenda Consultation Report
- Updates to AICPA’s guide to accounting and auditing for digital assets
- SAS 147 – Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations
- New requirements for CPAs regarding NOCLAR (noncompliance with laws and regulations)
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None