GAAP, GAAS, & SSARS Updates (Latest)

Learning Objectives

• To examine the background and scope of each topic.
• To discuss the specific items targeted by each amendment.
• To analyze the applicable new accounting treatment for each amendment.
• To describe the effect of the amendments.
• To review additional disclosure requirements.

Course Description

New, more complex accounting issues and disclosures create challenges for today’s busy financial executives, and sometimes it is a little difficult to keep up with the amendments in accounting standards issued by GAAP, GAAS, & SSARS.

This CPE webinar is designed to keep you up to date on recent activity in GAAP, GAAS, & SSARS. It will summarize recent updates and the main provisions of GAAP, GAAS, & SSARS, application guidance, and information on transition and the effective dates for the new provisions.

Major topics covered in this Online CPE Accounting & Auditing course:

• GAAS updates
• Auditing standards 142 – Audit evidence
• Auditing standards 143 - Auditing accounting estimates and related disclosures
• SSAE 21 - Standards for attestation engagements
• SSAE 22 - Standards for review engagements
• AR-C Section 60 - engagements for accounting and review services
• AR-C Section 70 - Preparation of financial statements
• AR-C Section 80 - Compilation engagements
• AR-C Section 90 - Review of financial statements
• Topic 848-10 - Overview and background.
• Topic 848-20 - Contract modifications.
• Topic 848-30 – Hedging
• Topic 848-40 - Fair value hedges
• Topic 848-50 - Cash flow hedges
• Update 2021-02 – Franchisors and Revenue from contracts with customers
• Update 2021-03 – Intangibles Goodwill and others
• Update 2021-04 – Changes in fair value

This CPE update course by Mike Morley will take you through the basics of the GAAS and SSARS updates, after attaining this you will have a bird’s eye view of the latest changes. It will be unique as we look sequentially at the accounting standard updates versus a topical approach.

Our GAAP courses might interest you. 

Overview

• Overview and background

  4 mins
• Fair value hedge

  24 mins
• Derecognition debt modifications and exchanges

  45 mins
• External information source

  66 mins
• Susceptibility to management bias

  88 mins
• Objective of the auditor

  116 mins
• Conduct of a review engagement

  134 mins
• When AR-C section 70 does not apply

  157 mins