Surgent's Current Accounting and Attest Service Update for Practitioners w

 

   

 

 
New Search

Overview

4.0 Credits

Specifically tailored for practitioners who do not perform audits, but provide other attest and non-attest services to small- and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small- and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the material in practice.

Objectives

  • Keep abreast of current private company standard setting activities of the PCC
  • Review recently issued accounting and non-audit attestation pronouncements
  • Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
  • Be aware of other important guidance affecting small- and medium-sized business practitioners

Major Topics

  • Private company standard setting activities
  • Small- and medium-sized business related ASUs
  • Revenue recognition and leases update
  • Special purpose frameworks - Cash, modified cash, tax, and FRF for SMEsTM
  • Common small- and medium-sized business financial statement errors and deficiencies
  • SSARS No. 21, Clarification and Recodification, including the new preparation of financial statements non-attest service
  • Other types of small- and medium-sized business attest engagements - agreed-upon procedures, specified elements, financial forecasts and projections, and pro forma financial information
  • Comfort letters and other third-party verification
  • COSO's updated Internal Control-Integrated Framework
  • The AICPA's new Code of Professional Conduct

Designed For

Practitioners at all levels who provide non-audit and non-attest services to small- and medium-sized businesses desiring to remain up-to-date on recent pronouncements and other standard setters activities and professional guidance

Prerequisite

Experience in accounting and auditing
Add to Cart