Both public and private CPAs must be up-to-date on changes to various potentially relevant standards, including: U.S. GAAP, audits of nonissuers, compilations and reviews. This module provides recent and proposed changes to relevant professional and regulatory standards.
Accountants with responsibilities requiring knowledge of changing accounting and auditing standards
* Discuss changes to U.S. GAAP, including Private Company Council influenced changes * Describe changes to Statements on Standards for Accounting and Review Services (SSARS) that govern preparation of financial statements, compilations and reviews * Explain changes to Statements on Auditing Standards (SASs) and other relevant audit-related activity
* Private Company Council U.S. GAAP modifications * FASB Accounting Standards Updates with open effective dates, including revenue recognition and leases * Recently issued Clarified Auditing Standards * Recent SSARS activity
Experience on complex audit engagements