
ACAU-W05
Annual Accounting and Auditing Update
Date/Time: Thursday, July 26, 2012, 9 a.m.- 5 p.m. Eastern
(see all dates)
Presenter(s): Jack P. Laschenski, CPA
Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of the most recent pronouncements issued by the FASB, ASB and ARSC. However, not only will this course bring you up-to-date on requirements, it also provides you with many examples and hands-on exercises to help you apply the guidance in practice. You'll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and review update and current audit risk alert overview.
Major Topics:
- Recently Issued FASB Accounting Standards Updates
- Revenue recognition
- Leases
- Financial instruments
- Current FASB exposure drafts and other agenda projects
- AICPA, PCPS, and FinREC updates
- U.S. GAAP and IFRS convergence review
- Overview of the current audit environment
- Recently issued Auditing Standards Board SASs
- Compilation and review update
- Audit risk alert overview
- What's in the pipeline for audit and attest, and compilation and review services
Learning Objectives:
- Review and apply recently issued FASB, ASB, and ARSC pronouncements
- Be aware of various standard setters' agendas, technical plans, and project updates
- Keep abreast of current U.S. GAAP and IFRS convergence efforts
- Be familiar with the latest compilation and review activities
- Understand recent economic, industry, technical, regulatory, and professional developments that may affect auditors and the engagements they perform
- Identify important current and emerging practice issues affecting all industries
Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard setters' activities
Course Level: Update
CPE Credits: 8 (Accounting/Auditing)
Prerequisite: Experience in accounting and auditing
Advance Preparation: None
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