Annual Accounting & Auditing Update [ACAU Fbx]

Full Description

Annual Accounting and Auditing Update

October 29, 2014
Westmark Fairbanks Hotel
Fairbanks, AK

Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of the new and recent pronouncements issued by the FASB, ASB and ARSC, as well as the AICPAs new Financial Reporting Framework for Small and Medium- Sized Entities FRF for SMEs. However, not only will this course bring you up-to-date on the requirements, it also provides you with many examples and hands-on exercises to help you apply the guidance in practice. Youll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and review update and current audit risk alert overview.

Major Topics:
Recently issued FASB Accounting Standards Updates
Revenue recognition
Leases
Current FASB exposure drafts and other agenda projects
FRF for SMEs
U.S. GAAP and IFRS convergence review
Overview of the current audit environment and audit risk alert
The Auditing Standard Boards Clarity Project
Recently issued Auditing Standard Board SASs
The Accounting and Review Services Committees Clarity Project
Compilation and review update

Learning Objectives:
Review and apply recently issued FASB, ASB, and ARSC pronouncements
Be aware of various standard setters agendas, technical plans, and project updates
Be familiar with FRF for SMEs
Keep abreast of current U.S. GAAP and IFRS convergence efforts
Be familiar with the latest compilation and review activities
Understand recent economic, industry, technical, regulatory, and professional developments that may affect auditors and the engagements they perform

Designed For: Accounting and auditing practitioners at all levels desiring to remain up-to-date on recent pronouncements and other standard setters activities

Level of Knowledge: Update

CPE Credits: 8 (Accounting (4), Auditing (4))

Prerequisite: Experience in accounting and auditing

Acronym: ACAU

Discussion Leader: Theresa Thamer, CPA

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