Accounting and Auditing Update for Small Businesses

Geared toward practitioners who provide accounting and auditing services to small businesses, this course updates you on the new accounting, auditing, compilation and review standards, and other professional guidance that impact small businesses and their auditors. Materials include practical applications of the topics covered to help you understand and apply the standards to real-life scenarios. With the rate of change in today's regulatory environment, you must stay current on all of the topics impacting the profession. Your clients are counting on you!

Learning Objectives

When you complete this course you will be able to:

• Apply recently issued FASB, ASB, and ARSC standards and pronouncements that impact small businesses.
• Identify various standard setters' agendas, technical plans, and project updates.

Topics Discussed

• Accounting standards updates, including the new revenue recognition standard
• Attest Clarity Project
• Latest activity from ARSC
• Current FASB projects
• Private company financial reporting
• IFRS in the United States - an update