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Accounting & Auditing in a COVID World

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Before starting this self study program, please go through the instructional document.

Overview

  • Revenue Recognition
    7 mins
  • SAS 141
    15 mins
  • Peer Review Delays
    20 mins
  • Extension of Single Audit Deadline
    26 mins
  • Loss of Revenue
    40 mins
  • Accounting Implications
    43 mins
  • Professional Skepticism
    61 mins

Course Description

COVID has presented with a lot of challenges in the lives of professionals. Accounting and auditing professions have also been widely affected in the following manner to name a few:

  • Changing work culture management
  • Change in the accounting and auditing practice standards
  • Change in the accounting and auditing standards
  • Internal control  

Ms. Melisa Galasso, CPA and founder of Galasso Learning Solutions LLC sheds lights on how COVID has affected the services execution for accounting and audit. Ms. Melisa Galasso is going to discuss a wide area of subjects in the webinar. It will include:

  • The impact of COVID on accounting standards 
  • Justifiable delays issued by many standard setter. 

She will also provide insights on how traditional accounting and auditing are required to:

  • Adapt a remote work culture
  • Enhance professional skepticism in virtual audit
  • Apply internal control and a control reliance strategy

In a nutshell, this webinar is going to be a great insight in to the “New Normal” for the accounting and auditing firms and professionals in the standards set by post COVID world. CPA professionals, CPA firms, accountants, accounting firms, bookkeepers, tax professionals, independent auditors, young CPAs etc. will benefit not only in the practice but also in efficiency with strategies.

Learning Objectives

  • To identify standards that were impacted by COVID19
  • To recognize accounting for CARES Act and PPP funds
  • To identify changes to audits due to COVID
  • To describe how audits will change in a remote audit environment

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Auditors
  • Bookkeeper
  • Cloud Firms
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Testimonial

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EB

Great

HG

I am hard of hearing. The instructor sometimes spoke too fast and the handouts were sometimes sketchy. I realize that closed captioning can be expensive, but providing it would help those who are deaf or hard of hearing.