Description

This course is designed for the accounting and auditing professional who provides attestation services to closely held businesses. The course reviews recent standard-setting activities of the Financial Accounting Standards Board (FASB) and the AICPA, specifically focusing on those standards having the most significant impact on closely held non-public business entities. The course also discusses adopting the latest audit standards, including the new audit risk assessment requirements.

Target Audience

Accounting and auditing professional who provides attestation services to closely held businesses.

Course Objectives

• Review and apply recently issued financial accounting and auditing standards • Understand the broad financial accounting topics that impact closely held businesses

Subjects

• Recently issued FASB Accounting Standards Updates, including those that will become effective during audit engagements conducted in 2024 • Recently issued Statements on Auditing Standards and other AICPA activity • Recently issued Statements on Standards for Accounting and Review Services

Prerequisites

Experience in accounting and attestation engagements.