Annual Accounting and Auditing Update WEBCAST
Overview
Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard-setting activities of the FASB and AICPA. In addition to providing a detailed review of SAS No. 145, this course will bring you up to date on FASB and AICPA standards issued over the past few years. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice. In addition to a financial accounting update, the course will discuss what you will need to do differently as you adopt new audit standards 142-149 over the next few years, including a detailed review of the new audit requirements under SAS 142. The course will also cover the key changes related to SSARS No. 25. Finally, the course reviews the AICPA’s quality management project. In summary, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year.
Highlights
Recently issued FASB Accounting Standards Updates. PCC Update and items on the FASB’s Technical Agenda. Leases - Topic 842, ASC 326: CECL. Review of SAS 142 - Focus on Audit Evidence. Recently issued SASs and other AICPA activity. SSARS No. 25 and other recently issued SSARS. Detailed review of SAS 145. Other important A&A practice matters.
Prerequisites
Experience in accounting and attestation.
Designed For
Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities.
Objectives
Review and apply recently issued and proposed FASB and AICPA pronouncements. Review and apply guidance within ASC 842, Leases. Understand SAS 142 and SAS 145. Recall and apply AICPA quality management standards. Be familiar with other important A&A practice matters you should be aware of. Utilize hands-on examples and illustrations to increase your overall understanding and application of the material.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Ronald Kral, Candela Solutions
Ronald J. Kral, CPA, CMA Candela Solutions LLC / Madison, Wisconsin Ronald is the Managing Partner of Candela Solutions LLC, a public accounting firm with a national focus on governance, risk and compliance. He has been an external auditor responsible for signing audit opinions and a divisional financial executive for a multi-billion dollar NYSE firm. Currently he is an educator, advisor and internal auditor for boards of directors and management teams. Prior to forming Candela Solutions in 2003, he was a Principal Consultant with PricewaterhouseCoopers, leading performance auditing, internal controls and governance projects. Ronald began his public accounting and consulting career with a California CPA firm as a Financial and Compliance Auditor, where he worked extensively with Ernst & Young. Ronald is a nationally recognized speaker on governance, business ethics, internal controls, and SEC regulations. He helps companies understand the regulatory environment to devise cost-efficient responses to extract value, not just compliance. Ronald believes that all business activities must be focused on creating and preserving shareholder value. Ronald has authored numerous professional articles and served on FEI’s National Task Force on the COSO Monitoring Guidance Project in 2007-08. He has been a Better Business Bureau Torch Award Judge for business ethics and integrity since 2006. Ronald holds an MBA from Arizona State University and a BBA from the University of Wisconsin.
Non-Member Price $330.00
Member Price $280.00