2025 GAAP, GAAS, & SSARS Update
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
This update is about the most difficult and frequently found accounting, auditing, review, compilation, and preparation issues in the CPA profession. This course reviews new and recently issued FASB pronouncements that impact accounting for 2024, 2025, and future years.
Engagement letters, changes to reporting formats, disclosure requirements, and engagement administration matters are presented. Issues include revenue recognition, financial instruments, and leases.
A review of the AICPA’s Code of Professional Conduct with its changes for those in public accounting, in business, and others is presented for changes and updates for the profession which includes NOCLAR.
Publication Date: November 2025
Designed For
CPAs that need to be current on professional standards in their employment, for their clients, businesses, client applications, and to meet the continuing professional education requirements of their state laws and rules.
Topics Covered
- Selected FASB Accounting Standards Updates (ASUs) for 2025 and future dates
- Selected AICPA Auditing Standards (SASs) for 2025 and future dates
- NOCLAR ethics interpretations
Learning Objectives
- Recognize current and newly issued GAAP, GAAS, and SSARS pronouncements that impact engagements regarding reporting formats, engagement letters, and disclosure issues currently needed
- Identify updates on GAAP from the Financial Accounting Standards Board (FASB)
- Identify Updates on GAAS from the ASB of the AICPA
- Identify updates on SSARS from the AICPA’s Accounting and Review Services Committee (ARSC)
- Identify other related issues and the future of the FASB and International Accounting Standards Board (IASB)
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
Basic understanding of GAAP and SSARS.
Advance Preparation
None
