2024 Accounting and Auditing Update (Completed)
Date: Thursday, November 7, 2024
Instructor: Lewis R. Fisher
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Join Lewis Fisher as he walks through the updates to US GAAP impacting the 2024 calendar year end reporting period. We will look sequentially at the accounting standard updates and discuss implementation considerations for these standards. Additional time will focus on newly released auditing standards and how it will impact both the auditor and those under audit. Finally, discussion will be given to existing standards originating from the FASB’s Private Company Council and how these can streamline reporting requirements.
Who Should Attend
Anyone with financial reporting responsibilities and those in public accounting serving clients who utilize US GAAP.
Topics Covered
- Relevant accounting standards affecting 2024 calendar year end financial statements
- Audit standards update
- Private Company Council standards and application
- Adoption and disclosure requirements for 2023 and beyond year-end financial statements
Learning Objectives
- Identify recently issued Accounting Standards Updates
- Understand implementation lessons learned with the new Statement on Auditing Standards (SAS) 143 and SAS 145
- Recognize how to properly apply new accounting standards
- Identify areas where Private Company Council standards can be applied
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
Basic understanding of US GAAP and auditing standards.
Advance Preparation
None
