CDAA
CURRENT DEVELOPMENTS IN ACCOUNTING, AUDITING, AND THE ACCOUNTING PROFESSION: AN OVERVIEW FOR 2009

This course provides an overview of new developments in the area of accounting and auditing. Coverage is continuously updated to reflect the most recently issued official pronouncements.

MAJOR TOPICS

• Audit risk and the economy
• International accounting standards: What you need to know right now
• Accounting issues in the current economic climate; impairment and going concern
• Risk-based auditing and closely held companies: Lessons of recent experience
• FIN No. 46 and FIN No. 48: Recent changes
• The reliability project: Independence and the small CPA firm
• Compilation and review update
• Recent FASB developments
• SQCS No. 7: Quality control

LEARNING OBJECTIVES:

• Receive a fast-paced broad-based overview of the profession today and the major issues and challenges it faces
• Understand how problems in the economy markets are creating loan impairment, asset write down and going concern issues
• Gain practical insight into implementing risk-based audits
• Become familiar with the convergence project and the move to global reporting standards
• Receive an update on recent developments in compilation and review involving new SSARS and how they affect CPAs serving smaller clients
• Become aware of recent FASB standards and how they will affect your clients
• Receive an update on current and proposed standards involving EITF, FASB, PCAOB, ASB and IASB

Designed for: Accountants in public practice and industry who need a comprehensive review of recent accounting and auditing pronouncements.

Level of knowledge: Update

Field of study: Accounting and Auditing