2020 Accounting & Auditing Update for the Real World

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Instructor

Jim
Martin

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Jim Martin, CPA, CGMA, MAc

Bio

James (“Jim”) Martin is a true “general practitioner” in Atlanta, Georgia who, for 39 years, has specialized in both income tax and accounting and audit areas. In addition to serving the accounting and tax needs of 100 clients, Jim performs 75-80 continuing education seminars per year for CPAs and attorneys throughout the United States. To date, he has prepared and presented over 3000 full and half-day seminars on accounting and taxation topics. Jim’s philosophy of CPE is simple: spend the class time on topics of applicability and relevance to all and present the topics in an entertaining and fast moving manner. He also produces self-study videos that have been among the top sellers in the southeastern United States for the past several years. Jim regularly consults with CPA firms throughout the United States on a variety of accounting and auditing technical issues and serves as expert counsel in litigation manners.

This course covers the significant provisions of the most recent pronouncements and proposed pronouncements from the FASB, the Private Company Council, the Auditing Standards Board (including SAS 134!) and the Accounting and Review Services Committee (including the new SSARS proposal). The course is presented from the perspective of a small firm practitioner who services or works for non-publicly traded entities. The majority of the class time will be spent discussing the standards that, in the instructor's 33 years of experience, have the broadest application to the local practitioner. As always, the floor is also open to discuss whatever current accounting and auditing topics the class participants may want to cover. A complete, thorough and fast moving review of all things privately held A&A!

Learning Objectives

Identify key points related to recently issued FASB standards and guidance. Recognize the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services. Identify key concepts related to exposure drafts and other projects in accounting, auditing, compilation and review services.

Major Topics

Recently issued ASUs, including an update on revenue recognition, financial instruments, and leases Current FASB exposure draft and projects Audit and Attest engagements update including SAS 134, SAS 135, and proposed SAS 136 Recent PCAOB guidance Latest activity from ARSC

CPE Credits Available

8 CPE

8: Accounting & Auditing

Things to Know About This Course

Course Level

Update

Professional Area of Focus

A & A

Prerequisites

Previous experience in accounting and auditing

Advanced Preparation

None

Intended Audience

CPAs in public practice and industry who want to remain up-to-date on accounting, auditing, preparation, compilation and review pronouncements

Provider

Real World Seminars