Event Description

This course will look at the recent activities of FASB. We’ll cover standards effective in the current year as well as those that will be effective in the future. We’ll then switch gears and discuss standards issued by the Auditing Standards Board impacting audit engagements. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way.

Objectives

• Describe recently issued changes to US GAAP
• List ASUs coming down the pike
• Recall the impact of quality management on firms
• Identify changes to risk assessment in SAS 145