The revised effective date for private companies’ adoption of the new leasing standard (ASC Topic 842, Leases) is now January 1, 2022! Question: Will you be prepared to properly audit such transactions?
This session is designed to provide external auditors with practical and insightful perspectives on how to audit transactions under the Financial Accounting Standards Board’s (FASB) new leasing standard. You'll learn the new accounting and financial reporting requirements and how to substantively and analytically test them in accordance with Professional Standards.
Who Should AttendPractitioners in public practice who conduct audits of privately-held organizations who have adopted ASC Topic 842.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program PrerequisitesGeneral knowledge of ASC Topic 842 and AICPA Professional Standards.