This course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year.
DurationThis course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year. We'll then switch gears and discuss the impact of the reporting suite (SAS 134-141) issued by the AICPA's Auditing Standards Board that will be effective this December.
This course provides a strong overview of the key standards that will be effective this year in order to help prepare you to implement them in an effective and practical way.
Highlights:
Recently issued Accounting Standard Updates (ASUs)
Leases; Financial instruments
The new auditors report (SAS 134)
Employee Benefit Plan Audits (SAS 136)
Materiality
The Massachusetts Society of Certified Public Accountants is the state’s premiere professional organization with more than 11,000 members in public accounting, industry and business, government and education.
GAAP and Audits course is offered by NYIF (New York Institute of Finance). This module provides an overview of Generally Accepted Accounting Principles (GAAP) and audits.
The art of audit report writing demands far more than simply listing the four elements of a finding - criteria, condition, cause, and effect. Even adding a fifth element, the recommendation, may be insufficient.
Since the late 1990s, the U.S. securities industry has utilized the Order Audit Trail System (OATS) to simplify an order’s progression from its initial receipt to its eventual execution or cancellation, for tracking or auditing purposes.
In Sci-fi, 2021 is the coming of Mad Max and the Thunderdome, so maybe that’s the silver lining of so many still working remotely. Auditing remotely is difficult, but it is still possible. And now it is a requirement, yet many still are unsure of how to proceed.
Audit training is offered by AMP Safe. AMPSAFE is a consulting firm founded by Ruben S. Corvalan, P.E., with more than three decades of experience in power system studies, electrical safety and SKM applications training.
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