Current Issues in Accounting and Auditing: An Annual Update (AAU4)

Designed for accounting, auditing, and attestation practitioners at all levels in public accounting and business and industry, this course provides a detailed review of the multitude of FASB and AICPA standards and reports issued over the past few years, including a discussion of the FASB's Stage 3 PIR report on ASC 606. It also provides an overview of recent PCAOB inspection report findings and SEC rulemaking activity. Through hands-on examples and illustrations, this course will help you apply the guidance in practice. We further discuss other important A&A practice matters to be aware of, including an update on the quality management standards and soon-to-be-effective requirements for engagement quality reviews.

Learning Objectives:

•    Recall and apply recently issued and proposed FASB and AICPA pronouncements

•    Understand the key findings of the FASB’s PIR report covering revenue recognition in ASC 606

•    Understand the main provisions of SASs No. 146 to No. 149

•    Identify other important A&A practice matters to be aware of

•    Understand the key findings in recent PCAOB inspection reports

•    Utilize hands-on examples and illustrations to demonstrate an overall understanding and application of the material

Who will benefit: Accounting and attestation practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities