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Annual Update for Accountants and Auditors

Author/Moderator: Kurt Oestriecher, CPA and Mark Beasley, CPA, Ph.D. (Authors); Renee Rampulla, CPA, CGMA (Moderator)
Publisher: AICPA
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Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive CPE course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, review, and compilation arenas.

We sort through the complexities and help you identify and apply recently issued FASB, PCAOB, and ASB standards and guidance. With the rate of change in today’s regulatory environment, it’s challenging staying current on the topics impacting the profession – this course provides the information that is critical to your success.

Topics Discussed:

  • Recently issued ASUs, including the new revenue recognition standard
  • FASB projects on leases and financial instruments
  • Private company financial reporting
  • Adoption of IFRS in the United States – an update
  • Overview of the ASB Clarity Project and key changes
  • Recent PCAOB guidance
  • Compilation and review update

Learning Objectives:
When you complete this course you will be able to:

  • Understand recently issued FASB standards and guidance.
  • Assess the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services.
  • Become familiar with exposure drafts and other projects in accounting, auditing, compilation and review services.

Who Will Benefit?

  • CPAs in public practice and industry who want to remain up-to-date on accounting, auditing, compilation and review pronouncements

Prerequisite: Previous experience in accounting and auditing

Advanced Preparation:  None

This product includes a course manual and video segments with a total runtime of approximately 209 minutes, which includes 10 separate segments relating to chapters within the manual. AICPA has assembled subject matter experts to discuss what matters most to those within the accounting and auditing profession, as well as what is expected to come in the future, from a regulatory and statutory standpoint. Discussions are led and moderated by Renee Rampulla, CPA, CGMA, who is the Founder of Rampulla Advisory Services, LLC. Speakers include the following (listed in order of appearance): Bill Schneider, CPA, CGMA—Director of Accounting, AT&T Inc.; Michael Cheng, CPA—Private Company Council Coordinator, FASB; Ahava Goldman, CPA—Senior Technical Manager, Audit and Attest Standards, AICPA; Megan Zietsman, CPA, CA (SA)—Partner, Audit and Assurance Services, Deloitte & Touche LLP; and Michael Glynn, CPA, CGMA—Senior Technical Manager, Audit and Attest Services, AICPA. This product is designed to be used by first viewing the specific video segment, and then returning to the course manual to read the chapter relating to the same topic as the video.

NASBA Field of Study: Accounting and Auditing
Level: Update
Recommended CPE Credit: Text - 10 (Accounting - 5; Auditing - 5); Text with Video - 14.5; Online with Video 14.5
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