This course offers an in-depth look at issues that practitioners have been having in implementing preparation, compilation and review engagements. It will also look deeply at the new SSARS proposal (mainly affecting reviews) that should be finalized in 2020 for 2021 implementation. The course also includes 15-20 new cases for 2020 covering all aspects of SSARS application including accounting, disclosure and reporting from the perspective of a local firm practitioner. Several new accounting standards are integrated into the new cases, including the new revenue recognition and leasing standards. It will also cover the proposed "Selected Procedures" (Agreed-upon Procedures "light") standard if that proposal is still being considered in 2020. A complete and thorough review of everything preparation, compilation and review for 2020 and beyond!
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