December 3, 2024

Live Webcast

NASBA 8
•
NYSED 8

Construction Contractors: Critical Accounting, Auditing, and Tax Issues Webinar

December 3, 2024
Live Webcast
NASBA 8
•
NYSED 8

  • Instructor

    Thomas
    Sheets

  • Overall landscape of the construction industry
  • GAAP and recent changes affecting the construction industry
  • The new Revenue Recognition Standard and its impact on the construction industry
  • Unique audit and review issues with construction contractors
  • The unique relationship between the contractor and the surety
  • Tax compliance issues facing construction contractors
  • Tax opportunities created by the Inflation Reduction Act of 2022
  • Going concern disclosures and their importance to the construction industry
  • The new lease FASB ASC and its impact on the construction industry

Learning Objectives

  • Apply accounting and financial reporting standards to construction contractors
  • Perform audit and review engagements for construction clients according to the Standards as efficiently and effectively as possible
  • Identify tax compliance issues unique to the construction industry and apply the latest changes

Major Topics

  • Overall landscape of the construction industry
  • GAAP and recent changes affecting the construction industry
  • The new Revenue Recognition Standard and its impact on the construction industry
  • Unique audit and review issues with construction contractors
  • The unique relationship between the contractor and the surety
  • Tax compliance issues facing construction contractors
  • Tax opportunities created by the Inflation Reduction Act of 2022
  • Going concern disclosures and their importance to the construction industry
  • The new lease FASB ASC and its impact on the construction industry

CPE Credits Available

NASBA 8
NYSED 8
4
Accounting (NASBA) - NASBA
4
Accounting (NYSED) - NYSED
2
Auditing (NASBA) - NASBA
2
Auditing (NYSED) - NYSED
2
Taxation (NYSED) - NYSED
2
Taxes (NASBA) - NASBA

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting (NASBA)
  • Accounting (NYSED)
  • Auditing (NASBA)
  • Auditing (NYSED)
  • Taxation (NYSED)
  • Taxes (NASBA)

Prerequisites

Previous experience in the construction industry or in providing service to construction clients

Advanced Preparation

Previous experience in the construction industry or in providing service to construction clients

Intended Audience

Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information

Provider

Surgent McCoy CPE LLC

This event has ended.