This course is designed to assist those who want or need to get ready for busy season. Learn about recently issued and effective guidance impacting the accounting and auditing of private companies.
Learning Objectives
- Upon completion of this course, you will be able to:
- Recognize FASB accounting standards, including accounting alternatives, impacting private companies, such as leases, fair value, and credit losses.
- Recall important topics on the FASB and AICPA’s agenda.
- Identify recently issued and effective auditing and attestations standards issued by the AICPA, including NOCLAR and the Quality Management Standards.
- Recognize frequently identified peer review matters described in the most recent AICPA’s Peer Review Oversight Report.
- Identify recently issued and effective SSARSs.
- Recognize frequent used private company financial statement disclosures.
- Recall the unique reporting and disclosure requirements when preparing financial statements using a special purpose framework.
Major Topics
- Understand recently issued and effective accounting guidance issued by the FASB impacting private companies, including various accounting alternatives.
- Hear about important topics on the horizon.
- Learn about recently issued and effective Statements on Auditing Standards (SASs) and Statements on Standards for Accounting and Review Services (SSARSs).
- Identify common accounting, reporting, and matters identified in the most recent AICPA’s Peer Review Oversight Report.