August 27, 2018

In-Person

Alabama Society of CPAs
1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

8 Total CPE Credits

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Accounting and Auditing Current Developments

  • Instructor

    Ray Thompson

Get a fast-paced, broad-based overview of the profession today and the major issues and challenges the profession faces. New developments in the area of accounting and auditing will be highlighted with updated coverage on the most recently issued official pronouncements. The course will highlight issues faced by private companies and the CPAs who provide a range of services to them.

For the webcast version, click here.

Learning Objectives

  • Prepare to implement the revenue recognition standard and understand how it may change recognition, documentation and disclosure for your company or clients
  • Obtain and utilize a progress report on standards affecting revenue recognition, leases, and financial instruments
  • Understand the accountants compliance and reporting responsibilities for data breaches
  • Understand the impact of Peer Review program changes on your practice
  • Receive an implementation update on SSARS 21, and the preparation of (plain paper) engagements
  • Recognize recent FASB standards and how they will affect your company or clients.
  • Identify current and proposed standards involving EITF, FASB, PCAOB, ASB, and IASB.

Major Topics

  • Economics, business and reporting risk in today's economy
  • Implementing the revenue recognition standard
  • Cybersecurity: compliance and reporting issues
  • Recent accounting standards, cash flow, not for profits and financial instruments.
  • The impact of tightening peer review standards.
  • Recent FASB pronouncements
  • FASB's simplification projects
  • SSARS Update: 21: Preparation, compilation and review update
  • ASB standards

CPE Credits Available

8
Total CPE
8
Accounting & Auditing

Alabama Society of CPAs

1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

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Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • A & A

Prerequisites

Prior learning or experience in accounting and auditing

Advanced Preparation

None

Intended Audience

Accountants in public practice and industry who need a comprehensive review of recent accounting and auditing pronouncements and other developments which will affect them in the coming year

Provider

Business Learning Institute

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