AICPA Q&A (Completed)

Date: Wednesday, July 8, 2020
Instructor: Pat Patterson
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

The AICPA has posted questions and answers issued since in the past years. The questions and answers in this section are not sources of established authoritative principles. This material is based on selected practice matters identified by the staff of the AICPA's Technical Hotline and various other bodies within the AICPA and has not been approved, disapproved, or otherwise acted upon by any senior committee of the AICPA. The selected questions and answers are from common issues that professionals encounter in their work.

Who Should Attend
Attendees should include professionals in public accounting, in business, and others that would like to have some of the latest questions answered by the staff of the AICPA and then discussed in this session.

Topics Covered

  • Implications of SAS 134 for audits
  • Issues with classifications
  • Comparative statement disclosures
  • Outstanding checks classifications
  • Liquidity restrictions
  • Classification of convertible debt
  • Statement title when Net Loss
  • Other commonly asked questions and answers

Learning Objectives

  • Recognize certain issues with financial statement preparation
  • Identify and implement correct procedures for unusual issues

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None

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