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Saturday, December 6, 2025 Live Webcast

Annual Accounting and Auditing Update (X1-ACAU-2025-01-WEBNR-340-01)

9:00 AM - 5:00 PM EST
webcast

Vendor Platform

8 CPE Credits in AA

OVERVIEW

Designed as an all-you-need-to-know update for accounting, auditing, and attestation practitioners at all levels in public accounting and industry, this course provides a comprehensive review of recent standard-setting and rulemaking activities of the Financial Accounting Standards Board (FASB), American Institute of Certified Public Accountants (AICPA), Public Company Accounting Oversight Board (PCAOB), and Securities and Exchange Commission (SEC). On the financial accounting front, we will cover the FASB’s Post-Implementation Review (PIR) report for revenue recognition under ASC 606 and discuss the best practices in applying the standard and identifying any ongoing issues practitioners are experiencing with applying the standard. We will also discuss the more than a dozen ASUs the FASB has issued since the beginning of 2023 and into 2025 covering crypto assets, disaggregated expenses, business combinations, and leases for entities under common control. Our focus on AICPA standards includes a detailed discussion of revamped AICPA quality management standards. The AICPA updated and modernized the standards by issuing Statement on Quality Management Standards 1, 2, and 3 (SQMS 1, SQMS 2, and SQMS 3, respectively), SSARS No. 26, and SAS 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards, effective December 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use, and the presence of outside experts on engagements. We will also cover new rules impacting public company audits and present case studies on recent fraudulent accounting stories and best practices for detecting and preventing such frauds. In summary, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year.

DESIGNED FOR

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

BENEFITS

  • Review and apply recently issued and proposed FASB, PCAOB, SEC, and AICPA pronouncements
  •   Recall and apply AICPA quality management standards (SQMS 1, SQMS 2, and SQMS 3)
  • Understand the major findings of the FASB’s PIR report for ASC 606 and best practices in applying ASC 606
  • Be familiar with other important A&A practice matters you should be aware of
  • Recall key provisions in SAS 146 and SSARS No. 26
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

HIGHLIGHTS

  • Recently issued FASB Accounting Standards Updates, PCC Update and items on the FASB’s Technical Agenda
  • Recently issued ASUs covering common control leases, crypto assets (e.g., cryptocurrency), and income tax disclosures
  • Statement on Quality Management Standards: SQMS 1, SQMS 2, and SQMS 3
  • Post-Implementation Review Report for revenue recognition under ASC 606 and best practices in applying ASC 606
  • Fraud case studies
  • Recently issued SASs and other AICPA activity
  • Recently issued PCAOB standards and SEC rulemaking activities
  • Other important A&A practice matters

COURSE LEVEL

Update

PREREQUISITES

Experience in accounting and attestation

ADVANCE PREPARATION

None

INSTRUCTOR

Jason Carney

Jason W. Carney, CPA, CISA, PMP, CISSP, CCSP, Esq.
(4.8)

Jason Carney, CPA, CISA, PMP, CISSP, CCSP, Esq., is a senior manager at ABS, Inc., a boutique consulting firm based in the Washington, DC metro specializing in complex accounting issues. He is also the principal for IRS Problem Free, a tax resolution service. He has more than 15 years of experience in public accounting, consulting, and industry. His specialties include technical accounting, financial statement audit, information security, and tax controversy. Jason has worked in the financial services, software, and federal finance sectors. Jason has taught more than 100 CPE courses for audiences across the country. He has been consistently well-received and specializes in adapting content for the unique needs of each audience. He believes that relevant and engaging training is essential for career development and business success. Jason is a member of the Minnesota Society of CPAs and was a President’s Scholar at the University of Saint Thomas Law School. He is a member of the Minnesota Bar and holds CPA licenses in four jurisdictions. He is a former Treasurer for Fort Safety, a non-profit focused on keeping families and children safe online. He wrote “What is Business Intelligence and Why Should CPAs Care?” for Footnote magazine and contributed to the upcoming publication, What Every Lawyer Needs to Know About Client Trust Accounts.

PRICING

$289.00 - Member

$309.00 - Nonmember

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Note: Online pre-registration will close on December 6 at 8:30 AM.

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COURSE DEVELOPER

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