Overview:
This course is designed for the accounting and auditing professional who provides attestation services to closely held businesses. The course reviews recent standard-setting activities of the Financial Accounting Standards Board (FASB) and the AICPA, specifically focusing on those standards having the most significant impact on closely held non-public business entities. The course also discusses adopting the latest audit standards, including the new audit risk assessment requirements.
Objectives:
• Review and apply recently issued financial accounting and auditing standards • Understand the broad financial accounting topics that impact closely held businesses
Major Topics:
• Recently issued FASB Accounting Standards Updates, including those that will become effective during audit engagements conducted in 2024 • Recently issued Statements on Auditing Standards and other AICPA activity • Recently issued Statements on Standards for Accounting and Review Services
Major Topics:
• Recently issued FASB Accounting Standards Updates, including those that will become effective during audit engagements conducted in 2024 • Recently issued Statements on Auditing Standards and other AICPA activity • Recently issued Statements on Standards for Accounting and Review Services
Designed For:
Accounting and auditing professional who provides attestation services to closely held businesses.
Prerequisites:
Experience in accounting and attestation engagements.