Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a detailed review of the multitude of FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help apply the guidance in practice and discusses other important A&A practice matters to be aware of, including an update on peer review and audit quality.
Learning Objectives
- Recall and apply recently issued and proposed FASB and AICPA pronouncements
- Recall and apply guidance from ASC Topic 842, Leases
- Understand the main provisions of SASs No. 145 to No. 149
- Identify other important A&A practice matters to be aware of
- Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material
Major Topics
- Recently issued but newly implemented Accounting Standards Updates (ASUs), the PCC Update, and items on the FASB’s Technical Agenda
- New ASUs covering common control leases, crypto assets (e.g., cryptocurrency), and income tax disclosures
- Leases – Topic 842
- Recently issued SASs and other AICPA activity through SAS No. 149
- Detailed review of SAS No. 145
- Other important A&A practice matters
