Accounting and Auditing Update for Small Businesses - VIRTUAL

Overview

Designed specifically for practitioners providing accounting and auditing services to small businesses, this course offers critical updates on recent developments in accounting, auditing, compilation, preparation, and review standards, as well as other professional guidance affecting small businesses and their auditors. The materials provided include practical applications of the topics covered, enhancing your ability to understand and apply the standards to real-life scenarios. Given the rapid pace of regulatory changes in today's landscape, it is imperative to stay abreast of the current issues shaping the profession.

Prerequisites

Previous auditing and accounting experience

Objectives

When you complete this course, you will be able to:

• Identify recently issued FASB, ASB, and ARSC guidance and standards that affect small businesses.
• Identify key concepts related to exposure drafts and other projects in accounting and auditing.
• Recognize the nuances of small business audits: who needs them and why.

Highlights

• Accounting standards updates, including an update on leases, financial instruments, and revenue recognition
• Latest activity from FASB, ASB, and ARSC
• An update on audit and attest standards
• Private company financial reporting
• Types of small business audits