GAAP, GAAS, SSARS, & Other Accounting Issues (2024 Series)

This update is about some of the most difficult and frequently found accounting and auditing issues in the CPA profession. (Review, compilation, preparation, and new Quality Management issues in the CPA profession are covered in Part 2). This course reviews new and recently issued FASB pronouncements that impact Audit issues and Attestation requirements for 2022, 2023, 2024, and the future years. Engagement letters, changes to reporting formats, disclosure requirements, and engagement administration matters are presented. Issues include revenue recognition, financial instruments, and leases. A review of the AICPA’s Code of Professional Conduct with its changes for those in public accounting, in business, and others is presented for changes and updates for the profession including NOCLAR. New standards for attestation, and audit engagements are examined for current and future applications. Recently issued ASUs, SASs, and SSAEs will be reviewed for their impact.

This update is about the most difficult and frequently found accounting, review, compilation, and preparation issues in the CPA profession. The difficulties that are happening because of the Coronavirus Pandemic (COVID-19) and the impact that it has on the accounting professional. This course reviews new and recently issued FASB pronouncements that impact SSARS accounting for 2022, 2023, 2024, and future years. (Auditing Standards and GAAS issues from the AICPA are covered in Part 1) Engagement letters, changes to reporting formats, disclosure requirements, and engagement administration matters are presented. Issues include revenue recognition, financial instruments, and leases. A review of the AICPA’s Code of Professional Conduct with its changes for those in public accounting, in business, and others is presented for changes and updates for the profession which includes NOCLAR. New standards for preparation, compilation, and review engagements are examined for current and future applications. Recently issued SSARSs will be reviewed for their impact including new Quality Management Standards for all engagements.