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2024 Accounting & Auditing Update for Small Businesses

ID: 62916
Monday November 25, 2024 11:00AM - 3:00PM
Topics: Audit + Assurance Financial Accounting, Reporting + Analysis
NON-MEMBERS$186.25
MEMBERS$149.00
YOUR PRICE$186.25

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

  • Accounting Standards Updates (ASUs) that are most likely to impact small businesses
  • ASUs initiated by the Private Company Council (PCC).
  • Alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs
  • Audit standards that small business auditors will need to implement.

Who will benefit:

Accountants in public practice or industry

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.