Review of Current Critical Accounting and Auditing Concerns (CAAC)

Customer Rating
Field of Study
Accounting
Level
Intermediate
Credits
4
Qualifies For
CPE



Price:  $ 39.99

With so much of significance going on currently in the world of A&A today, you need to be able to make sense of the key drivers of our profession. In this course, we will review the key aspects of the events that are impacting practitioners and financial statement preparers alike.

Specifically, because technology is rapidly transforming our profession, we’ll review current trends and risks related to technology. Next, while many COVID-19 accounting considerations have passed, the issue of going concern is likely to last for the next several accounting periods. We’ll review the disclosure and reporting issues related to this complex topic. With the private company implementation date for ASC 842 now here, we’ll review the new lease accounting guidance. Then, we’ll wrap up the course with a discussion of peer review findings and engagement quality initiatives.

Additional information

year

2022

version

01

Credits

4

Company Code

Self Study

Format

On Demand

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (4)

Field of Study Department

Accounting

Course Version

2022-01

CPE Approved

1

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

  • ASC Topic 842, Leases, implementation challenges, and ongoing accounting
  • Technology trends impacting the accounting profession
  • Engagement quality update
  • Going concern accounting and reporting issues

Learning Objectives:

  • Apply the FASB’s new lease accounting guidance, ASU No. 2016-02
  • Recall the AICPA engagement quality initiatives and peer review results
  • Identify key disclosure and reporting considerations related to going concern
  • Recall key concepts related to data-driven decision-making and technology trends

Designed For:

Practicing CPAs and their staffs, both in public accounting and business and industry — controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Customer Reviews

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P
Pamela N. (Wilmington, US)
Useful course

This course was very helpful and I have already found myself using what I learned to prepare, sort, and filter tables in Excel.

J
Jennifer S. (Foster, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)

L
Lauren V.D. (Montgomery Village, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)