This class is designed for those professionals who will never do accounting and auditing stuff in the remainder of their careers yet need to meet a regulatory burden. Recent pronouncements from the FASB are presented and discussed from a perspective that allows a non A&A person to understand what's coming on their way in terms of financial statement treatment of items that may result in a different tax treatment including the new revenue standard and leasing changes. Tax professionals may actually have an educational and fun time meeting the regulatory requirements!
Identify recently issued FASB standards and guidance. Recognize the effect of recently issued auditing and attestation standards. Identify key concepts related to exposure drafts and other projects in accounting and auditing.
Recently issued ASUs, including an update on financial instruments, revenue recognition, and leases Audit and attest engagements update including SAS 134, SAS 135, and proposed SAS 136 Recent activities of PCAOB Key changes to SSARS