Current Developments in Accounting and Auditing ON DEMAND
Available Until
Your Desk
11.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
Current Developments in Accounting and Auditing provides an overview of economic conditions, audit risks, accounting for leases, cyber fraud, recent accounting standards, Financial Accounting Standards Board (FASB) updates, and Auditing Standards Board (ASB) updates. Dr. Ray Thompson covers many current issues affecting the profession, including compilation and review and much more.
Highlights
Economic, Business, and Reporting Issues. Five - Step Model. Construction Industry Guidance. Cyber Security Updates. Recent Accounting Standards. Current Issues Affecting the Profession. Preparation, Compilation, and Review Alert 2017. FASB Update. Auditing Standards Board Update.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify some of the major economic, business, and reporting issues for 2017. Recognize the changing regulatory environment, including the cost of industrial regulations, and the potential dismantling of Dodd-Frank. Note the current economic conditions. Identify current audit risks, including areas of PCAOB concern. Recall revenue transactions using the five-step model. Recognize construction industry guidance for revenue recognition. Cite the revenue recognition rules for not-for-profit entities for both reciprocal and non-reciprocal transactions. Identify the prevalence of cyber security risk. Note the legal and regulatory issues regarding cyber security. Cite the reporting and disclosure issues related to cyber security. Recognize service auditor report requirements. Identify how to evaluate a company’s cyber security insurance coverage, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Ray Thompson, Western CPE
Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States.
Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in the United Kingdom, his MBA in accounting from Xavier University in Ohio, and his PhD in business administration from Nova University. Ray is also certified in financial management and is a certified management accountant (CMA), a certified business appraiser (CBA), and holds the accredited valuation analyst credential from the National Association of Certified Valuators and Analysts (NACVA). He recently became certified in IFRS though the Institute of Chartered Accountants in England and Wales.
Non-Member Price $354.00
Member Price $308.00