• Accounting standards updates, including an update on leases, financial instruments, and revenue recognition
• Latest activity from FASB, ASB, and ARSC
• An update on audit and attest standards
• Private company financial reporting
• Types of small business audits
Learning Objectives
When you complete this course, you will be able to: • Identify recently issued FASB, ASB, and ARSC guidance and standards that affect small businesses.
• Identify key concepts related to exposure drafts and other projects in accounting and auditing.
• Recognize the nuances of small business audits: who needs them and why.
Major Topics
• Accounting standards updates, including an update on leases, financial instruments, and revenue recognition
• Latest activity from FASB, ASB, and ARSC
• An update on audit and attest standards
• Private company financial reporting
• Types of small business audits
