The Latest A&A Scoop: Highlights of Current Accounting and Auditing Issues

Jennifer Louis, CPA

Emergent Solutions Group LLC

  • CIA
  • CMA
  • CPA

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

Overview

  • ASU 2018-07: Stock Compensation for Nonemployees
    4 mins
  • Original Effective Date
    14 mins
  • Modified Restrospective
    28 mins
  • What if Adopted PCC Allowable Simplifications?
    39 mins
  • Effective Date and Transition
    58 mins
  • SAS 135: Omnibus Statement on Auditing Standards - 2019
    69 mins
  • SSARS No 25 - Section 90 Limited Assurance
    85 mins

Course Description

This course provides a practical overview of the most important, current and relevant issues, faced by most companies and their accountants in the calendar year 2020 and beyond. The focus is on explaining the basis behind major issues and trends in plain language, enabling professionals to understand the most important aspects of relevant standards and why any planned or potential changes are coming down the pike.

Course Highlights:

The latest FASB standard-setting activity relevant to public and nonpublic entities for the calendar year 2020 and beyond, such as the following:

  • Accounting for Leases
  • Capitalizing Internal-use software costs
  • Fair value measurement disclosures
  • Stock-based compensation for non-employees
  • Goodwill Impairment
  • Hedge accounting
  • Practical expedients and simplifications that nonpublic entities should consider adopting
  • Recent revisions to generally accepted auditing standards (SASs), including the relationship to PCAOB audit and reporting requirements
  • Important changes in non-audit standards, including the SSARs and SSAEs

Recommended for CFO/Controllers and Audit Professionals in Accounting Practices.

Learning Objectives

  • To recognize the financial professionals on the latest developments in financial reporting from the FASB.
  • To identify the various risks associated with audit and non-audit services.
  • To recall the practical examples of implementing changing technical, professional and relevant regulatory requirements
  • To recognize the applications of the most recent pronouncements effectively and efficiently.
  • To identify the latest issuances from the FASB

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Bookkeeper
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Accounts
  • VP Finance
  • Young CPA