Accounting, Audit, and Attest Update for Practitioners with Small-Business Clients

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Instructor

Michael
Brand

View Bio

Michael Brand

Bio

Michael L. Brand, CPA, CGMA is currently an A & A partner in the firm of BMSS, LLC CPAs and Advisors. He received his B.S. in accounting from the University of North Alabama and has been in the practice of public accounting for over 30 years.

Known as a nationally acclaimed, accounting industry expert and speaker, Michael (Mike) has been involved in all aspects of public accounting, with an emphasis in providing accounting, auditing and review services to clients in the for-profit, nonprofits and governmental sectors.

He is also involved in various committees at both the state and national levels. He is a former member of the American Institute of CPAs (AICPA) Professional Ethics Executive Committee, is the past chair of the AICPA’s Accounting and Review Services Committee and the Alabama Society of CPA’s Peer Review Committee and is the current Chair for the ASCPA. Furthermore, Mike teaches continuing education classes across the country for state societies and individual firms and has received the AICPA’s Outstanding Discussion Leader Award multiple times along with the ASCPA’s Thomas A. Ratcliffe Outstanding Discussion Leader Award.

In addition to teaching, Mike regularly speaks at conferences nationwide and in various other countries. He conducts peer reviews across the United States and was formerly on the Peer Review Board, Joint Trial Board, and Quality Control Standards Task Force of the AICPA. He is the current co-chair of the Engage Conference (the AICPA’s largest conference held over multiple days with thousands of attendees).

Specifically tailored for practitioners who do not 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 uses practical examples and illustrations to help you understand and apply the material in practice.

Learning Objectives

Keep abreast of current private company standard setting activities of the PCC
Review recently issued accounting and non-audit attestation pronouncements
Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
Be aware of other important guidance affecting small and medium-sized business practitioners

Major Topics

Private company standard setting activities
Small and medium-sized business related ASUs
Revenue recognition and leases update
Special purpose frameworks - Cash, modified cash, tax, and FRF for SMEsTM
Common small and medium-sized business financial statement errors and deficiencies
SSARS No. 21, Clarification and Recodification, including the new preparation of financial statements non-attest service
Other types of small and medium-sized business attest engagements - agreed-upon procedures, specified elements, financial forecasts and projections, and pro forma financial information
Comfort letters and other third-party verification
COSO's updated Internal Control-Integrated Framework
The AICPA's new Code of Professional Conduct

CPE Credits Available

8 CPE

8: Accounting & Auditing

Things to Know About This Course

Course Level

Update

Professional Area of Focus

A & A

Prerequisites

Experience in accounting and auditing

Advanced Preparation

None

Intended Audience

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

Provider

Surgent McCoy CPE