This course provides a comprehensive introduction to the business valuation process, beginning with key terminology, professional standards, and the rules that guide the appraisal profession. Participants will explore the three primary approaches to value—Asset, Income, and Market—before focusing in depth on the Asset Approach. The course examines when and why this method is used, its advantages and limitations, and how to apply it effectively in real-world scenarios. Through practical examples and clear explanations of each of the three methods within the Asset Approach, learners will gain both the confidence and competence to apply valuation principles in their professional practice.
DESIGNED FOR
All accounting/auditing professionals
BENEFITS
- Recognize the impact of the 2024 Uniform Guidance changes on Single Audits
- Identify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements
- Recall key changes introduced through recent OMB memoranda relevant to Single Audits
HIGHLIGHTS
- 2024 Uniform Guidance overhaul
- Increase in Single Audit threshold to $1 million
- Audit planning and execution impacts
- 2025 AICPA GAS/Single Audit Guide (Appendix B) updates
- Audit efficiency and compliance considerations
PREREQUISITES
Prior experience with Single Audits
ADVANCE PREPARATION
None