Both public and private CPAs must be up-to-date on changes to various potentially relevant standards, including: U.S. GAAP, audits of nonissuers, compilations and reviews. This module provides recent and proposed changes to relevant professional and regulatory standards.
DESIGNED FOR
Accountants with responsibilities requiring knowledge of changing accounting and auditing standards
BENEFITS
- Discuss changes to U.S. GAAP, including changes specific to nonpublic business entities
- Describe the most important considerations for implementing new U.S. GAAP
- Explain changes to Statements on Auditing Standards (SASs) and other relevant attest-related activity
HIGHLIGHTS
- U.S. GAAP modifications specific to nonpublic business entities
- FASB Accounting Standards Updates with open effective dates, including revenue recognition and leases
- Recently issued Clarified Auditing Standards
- Other relevant matters
COURSE LEVEL
Update
PREREQUISITES
Experience on complex audit engagements
ADVANCE PREPARATION
None