This course will cover both accounting and auditing! We’ll start with an overview of the Accounting Standards Updates (ASUs) effective this year as well as those that will be effective in the near future. We’ll take a high-level look into how to prepare for the leases and the new CECL model that was part of the financial instruments suite of standards. Then we’ll switch gears to focus on auditing. We’ll cover recently issued SASes, SSARS, and SSAEs including the new auditor reporting suite (SASes 134 through 141). Attendees will review recently issued audit standards as well as major proposals.
This course is a combination of What’s going on at the FASB and the 2020 Audit and Attestation Update. No credit can be given for 4 hr versions if 8 hr version taken.”
* Describe recently issued changes to US GAAP Identify accounting standards that will be effective this year * Define a lease under Topic 842 * Prepare an audit report compliant with SAS 134 and 136
See course description
Who Should Attend
Accountants in public practice and industry
Prior experience with GAAP or GAAS
Additional Event Information
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*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.
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