In today?s ever-evolving regulatory landscape, maintaining relevance in the profession is crucial. Participants can stay up to date with the rapid developments in accounting and auditing through our comprehensive course. They'll delve into recent pronouncements, exposure drafts, and additional guidance pertinent to accounting, auditing, and review, compilation, and preparation engagements. This course will help participants navigate the complexities of these developments and assist them in identifying and implementing the latest standards and guidance from FASB, PCAOB, ARSC, and ASB.
Learning Objectives
When you complete this course, you will be able to:
- Identify recently issued FASB Accounting Standards Updates (ASUs) that cover broad and narrow issues.
- Determine the updates issued by FASB at the recommendation of the PCC.
- Recognize ongoing FASB projects.
- Identify unique challenges for audit engagements.
- Determine the key elements related to the auditor’s risk assessment and recently issued SASs.
- Distinguish key elements included in the recently issued Statements on Quality Management Standards (SQMSs) and Statements on Standards for Accounting and Review Services (SSARSs)
- Identify best practices for performing analytical procedures in a review engagement.
Major Topics
- Narrow-scope accounting standards updates
- FASB exposure drafts and projects
- Exposure drafts of new auditing standards
- Preparation, compilation, and review engagement updates
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