2020 Accounting & Auditing End of the Year Tune-Up (Completed)

Date: Wednesday, December 16, 2020
Instructor: Pat Patterson
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Review new FASB Pronouncements up to the date of the course. This presentation will inform participants of the latest issues from the FASB and the Private Companies Council as well.

New and revised audit standards and pronouncements will be discussed. The impact of the Auditing Clarity Project and the revised auditing standards will be examined for current application. Any newly released auditing standards will be visited.

Who Should Attend
Professionals in public practice, industry, government, and education who deal with nonpublic entities and wish to stay current on professional standards.

Topics Covered

  • New releases from the FASB
  • New releases from the Private Companies Council (PCC)
  • An advanced look at documentation standards will be reviewed for changes required by new FASB and PCC standards
  • Further updates that impact on the accounting and auditing professional standards including new Quality Control Standards and their requirements
  • Ethics Interpretation 101-3 will be explored for revisions and updates in attest/nonattest applications as released or considered by the Professional Ethics Executive Committee
  • Any other matters deemed appropriate and timely

Learning Objectives

  • Recognize the FASB pronouncements that may impact private companies that come from the FASB and the Private Companies Council
  • Describe other new GAAP releases that may affect the non issuing entities
  • Identify the new Accounting Standards Codifications issued as updates for 2020/2021
  • Recognize auditing standards issued and to review some of the Clarified Auditing Standards that are substantive for 2021


Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
Basic understanding of GAAP and Auditing Standards.

Advance Preparation

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