Hot Accounting & Auditing Issues for 2018 (Currently Unavailable)

Join CPA's Pat Patterson and James Green as they walk through the top 2018 hot issues in the accounting and auditing industry.

This course looks at current developments in the application of generally accepted government auditing standards in the United States, including the implementation of recently issued uniform cost principles, audit, and administrative requirements for entities that receive awards from the U.S. federal government.
Review new FASB Pronouncement ASU 2016-02, Leases (Topic 842) up to the date of the course. This presentation will inform participants of the latest issues from the FASB and the Private Companies Council regarding leases. The FASB and PCC agendas and projects are discussed for their expected applications in the lease field. The participants will hear about new FASB pronouncements and the impact on lessees and lessors. Any correlations to the IFRS and its new lease standard will be reviewed.
Learn about the new professional standard from the FASB known as “Revenue Recognition” from the FASB’s “Big 3 Project” ,which represents significant changes in authoritative professional standards concerning revenue recognition, its 5 step core principles, and related revenue recognition topics. These topics represent “changes to changes” in revenue recognition. The subjects are explained, discussed, and illustrated for examples.
Expert CPA, Pat Patterson will walk you through the new professional standard ASU 2016-14 from the FASB known as, “Presentation of Financial Statements for Not-for-Profit Entities”, which represent the most significant changes in authoritative professional standards concerning NFPs in 20 years. This topic represents changes to the form and content of the financial reports and financial statements of NFPs. The changes are explained, discussed, and illustrated for examples.
Expert Pat Patterson, CPA, guides you through the new professional standard SAS 132 from the AICPA’s Audit Standards Board (ASB). “The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern” represents many significant changes in authoritative professional standards concerning going concern issues. This topic represents changes to the Generally Accepted Auditing Standards (GAAS) concerning “going concern” reporting for entities. The changes Supersede Statement on Auditing Standards (SAS) No. 126, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern [AICPA, Professional Standards, AU-C sec. 570]; amends SAS No. 122, Statements on Auditing Standards: Clarification and Recodification, section 800, Special Considerations—Audits of Financial Statements Prepared in Accordance With Special Purpose Frameworks, as amended, and section 930, Interim Financial Information [AICPA, Professional Standards, AU-C sec. 800 and 930].
Expert CPA, Pat Patterson, discusses the new professional standards for attestation engagements as clarified by the Audit Standards Board (ASB) of the AICPA. On April 5, 2016, the AICPA’s Clarity Project was completed with the issuance of the Clarified Attestation Standards. The ASB issued Statement on Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification.
Expert CPA, Pat Patterson, will review the new SSARS Pronouncements (SSARS 21, 22, and 23). Special consideration will be given to those pronouncements that apply to Preparation Engagements. Pat will also cover the new SSARS Pronouncements from the Accounting and Review Services Committee that is required to be implemented in 2016 and 2017 for preparation engagements. These changes represent the most significant changes to these standards in over 30 years. This course will also review pertinent and specially selected standards from earlier years.
This course provides a basic introduction to the cornerstone issues involved in auditing the financial statements of employee benefit plans of nongovernmental entities.
Total: 8 courses (16 CPE hours)


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