2024 Your Front-Row Ticket to the 2024 Accounting & Auditing Season

Overview

This course highlights significant updates that affect financial reporting and related attestation services. We will explore novel FASB pronouncements while examining the enduring impact of lease accounting and revenue recognition standards. This course will provide reminders regarding both GAAP and non-GAAP financial reporting alternatives for closely held entities. We will also explore selected guidance regarding audit, review, and compilation engagements.

Highlights

Analysis of relevant GAAP provisions
Reminders regarding the continuing importance of ASC 606 for revenue recognition
Fresh perspectives of lease accounting in the wake of ASC 842 implementation
Overview of U.S. GAAP alternatives for certain entities
Summary of selected, salient standards for today’s audit, review, and compilation engagements

Prerequisites

None

Designed For

CPAs in public practice or members in industry seeking a current financial accounting and reporting updates with particular emphasis on closely held reporting entities

Objectives

Comprehend financial reporting implications of relevant FASB pronouncements
Appreciate the continued importance of both the lease accounting and revenue recognition standards
Understand practical alternatives to U.S. GAAP
Identify major items that the FASB plans to consider for future updates
Recall major audit, review, and compilation considerations that should be considered for financial statement engagements