Gain an understanding of the New Lease Accounting standard. This is the most significant change to lease accounting in 40 years. Virtually all leases will appear on the balance sheet/statement of financial condition. Learn what you need to know.
Hear an update of risk assessment and independence and how to apply the audit risk formula to your engagements.
BENEFITS
Earn 4 CPE credits in Accounting and Auditing.
HIGHLIGHTS
Lease Accounting Standard
Frank Boutillette
Frank will demonstrate how this change will impact the balance sheet. Using a comparison of Current GAAP and the New Lease Accounting attendees will gain an understanding of how to apply this new standard.
Primary Objective of Risk Assessment Standards
Brad Muniz, CPA - SobelCo.
To enhance the auditors' application of the audit risk model by requiring:
- A more in‐depth understanding of the entity and its environment,
including its internal control. Use this understanding to identify the RoMM in
the financial statements and the entity's efforts to mitigate those risks.
- A more rigorous assessment of the RoMM on the understanding of the
entity and its environment, including its internal control.
- Improved linkage between assessed risks and the nature, extent, and
timing of audit procedures performed in response to those risks.
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
$14 late fee will be applied after 1/8. Season Pass holders must register for each event.
For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.