Welcome back! Join your fellow Southwest Jersey Chapter members for a timely update of the changing accounting and auditing landscape with a focus on leases and audit report standards.
BENEFITS
Learn about several important standards affecting many CPAs and the companies they serve.
HIGHLIGHTS
Sponsored by:
In June 2020, the Financial Standards Board voted to delay ASC 842 (Revenue Recognition and Leases Standards) for privately held companies due to the COVID-19 pandemic. With the deferral, private companies are now required to adopt for annual financial reporting periods beginning after Dec. 15, 2021, which is 2022 for calendar year-end companies. We’ll discuss what companies need to do to comply with this standard.
Statements on Auditing Standards Nos. 134-141 will involve significant changes in the presentation and content of the auditor’s report. A high-level overview of the new auditor reporting standards will be presented with an emphasis on the standards that have the most significant impact on the presentation and content of the auditor’s report.
COURSE LEVEL
Update
PREREQUISITES
None
ADVANCE PREPARATION
None