Acctg Audit & Attest Update for Practit. with Small Bus. Clients [SMBP]

Jul 20, 2021
Time: 8:30am - 4:00pm

Subject:

Accounting & Auditing

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

William (Bill) I. Eskin, CPA    more info

William (Bill) I. Eskin, CPA is very active in the accounting, auditing, tax, and fraud investigation fields in general, and the construction and real estate industries in particular, where he may be best known for identifying and proving CPA malpractice. Recently, he had five books published: Construction Contractors – Real-World Guide to Accounting and Auditing, Critical Issues Involving Taxation of Construction Contractors, Real Estate Tax Boot Camp, Real Estate Taxation: Critical Considerations, and Taking Advantage of Installment Sales and Like-Kind Exchanges. Previously, Bill had been the Director of Financial Analysis and Investigation for the world’s largest surety group. His professional experience also includes more than 12 years of experience working for various CPA firms where he specialized in construction, real estate, litigation support, and other services. He has been a discussion leader for various organizations where he has taught numerous courses, presentations, and webinars. Bill has been awarded the Outstanding Discussion Leader Award every year for the past 11 years. He has also been a featured speaker at the AICPA National Construction Conference and various state CPA annual conferences.

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Website registration for this course closes on July 19, 2021. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Accounting, Audit & Attest Update for Practitioners with Small-Business Clients Webcast (SMBP)

July 20th, 2021

Specifically tailored for practitioners who not only perform audits but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small and medium-sized business accountants. The course also discusses the common financial reporting implications of COVID-19. The course uses practical examples and illustrations to help you understand and apply the material in practice. Through a detailed review of the new lease accounting guidance, common special purpose frameworks, and new guidance related to audits and SSARS engagements, this course will get you up to speed on the things that are most important to your smaller and medium-sized clients.

Major Topics Covered:
-Private company standard setting activities
-Small and medium-sized business-related ASUs
-Lease accounting update
-Lessons adopted from the adoption of Topic 606
-Going concern considerations related to COVID-19
-Special purpose frameworks -- Cash, modified cash, and tax basis
-Common small and medium-sized business financial statement errors and deficiencies
-Newly issued SSARS and SSAE standards
-SASs effective for 2021 year-end audits

Learning Objectives:
-Keep abreast of current private company standard setting activities of the PCC
-Review recently issued accounting and non-audit attestation pronouncements and hot topics
-Identify key accounting implications related to new ASUs and ASC Topics 842 and 606
-Understand new guidance applicable to auditing, SSARS and attest engagements
-Be aware of other important guidance affecting small and medium-sized business practitioners

Designed For: Practitioners at all levels who provide non-audit and non-attest services to small and medium-sized businesses desiring to remain up-to-date on recent pronouncements and other standard setters activities and professional guidance.

CPE Credits: 8, Accounting & Auditing

Level of Knowledge: Update

Prerequisite: Experience in accounting and auditing.

Acronym: SMBP

Discussion Leader: William (Bill) I. Eskin, CPA