Live Stream: Annual Accounting and Auditing Update

261  |  Livestream  |  Update  |  Scheduled

Description

Designed as an all-you-need-to-know update for accounting, auditing, and attestation practitioners at all levels in public accounting and industry, this course provides a comprehensive review of recent standard-setting and rulemaking activities of the Financial Accounting Standards Board (FASB), American Institute of Certified Public Accountants (AICPA), Public Company Accounting Oversight Board (PCAOB), and Securities and Exchange Commission (SEC).  

On the financial accounting front, we will cover the FASB's Post-Implementation Review (PIR) report for revenue recognition under ASC 606 and discuss the best practices in applying the standard and identifying any ongoing issues practitioners are experiencing with applying the standard. We will also discuss the more than a dozen ASUs the FASB has issued since the beginning of 2023 and into 2025 covering crypto assets, disaggregated expenses, business combinations, and leases for entities under common control.  

Our focus on AICPA standards includes a detailed discussion of revamped AICPA quality management standards. The AICPA updated and modernized the standards by issuing Statement on Quality Management Standards 1, 2, and 3 (SQMS 1, SQMS 2, and SQMS 3, respectively), SSARS No. 26, and SAS 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards, effective December 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use, and the presence of outside experts on engagements.  

We will also cover new rules impacting public company audits and present case studies on recent fraudulent accounting stories and best practices for detecting and preventing such frauds.  

In summary, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year.

Credits

Number of Credits Type of Credits
4.00 Auditing
4.00 Accounting

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities

Prerequisites

Experience in accounting and attestation

Highlights

  • Recently issued FASB Accounting Standards Updates, PCC Update and items on the FASB's Technical Agenda
  • Recently issued ASUs covering common control leases, crypto assets (e.g., cryptocurrency), and income tax disclosures
  • Statement on Quality Management Standards: SQMS 1, SQMS 2, and SQMS 3
  • Post-Implementation Review Report for revenue recognition under ASC 606 and best practices in applying ASC606
  • Fraud case studies
  • Recently issued SASs and other AICPA activity
  • Recently issued PCAOB standards and SEC rulemaking activities
  • Other important A&A practice matters

Objectives

  • Review and apply recently issued and proposed FASB, PCAOB, SEC, and AICPA pronouncements
  • Recall and apply AICPA quality management standards (SQMS 1, SQMS 2, and SQMS 3)
  • Understand the major findings of the FASB’s PIR report for ASC 606 and best practices in applying ASC 606
  • Be familiar with other important A&A practice matters you should be aware of
  • Recall key provisions in SAS 146 and SSARS No. 26
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Prices

Member (Early Bird)
$309.00
Non-Member (Early Bird)
$429.00
Member
$309.00
Non-Member
$429.00
Your Price: $429.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

Members log in and save $120.00 on this event. Not a member? join today.

Instructors

Joann N. Cross, Ph.D., CPA, CMA, CGFM, CGMA

Joann Noe Cross is an Emeritus Professor of Accounting at the University of Wisconsin-Oshkosh. Her research interests are in accounting history and the uses of financial information.

Joann is a member of numerous professional and academic organizations. She is also active in her community, having served in the past as Treasurer of the local United Way and currently serving on the Board of several small charities. In addition, Dr. Cross presents numerous accounting and auditing seminars around the country, speaks at various conferences throughout the year, and maintains an active consulting practice. In 2015 and 2016, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills.

Joann received her B.S. in Mathematics from the University of Wisconsin-Madison and her Ph.D. in Accountancy from the University of Illinois-Urbana.

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