Surgent's Accounting, Audit, and Attest Update for Practitioners with Small-Business Clients

Overview

Specifically tailored for practitioners who not only perform audits but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, auditing, and SSARS standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance.

Through a detailed review of the new lease accounting guidance, common special purpose frameworks, new guidance related to audits and SSARS engagements, and the soon-to-be-effected credit loss standard, this course will get you up to speed on the things that are most important to your smaller and medium-sized clients.

Highlights

• Private company standard setting activities
• Small and medium-sized business-related ASUs
• Lease accounting update
• Lessons adopted from the adoption of Topic 606
• Special purpose frameworks -- Cash, modified cash, and tax basis
• Common small and medium-sized business financial statement errors and deficiencies
• Newly issued SSARS and SSAE standards
• SASs effective for 2022 year-end audits

Prerequisites

Experience in accounting and auditing

Designed For

Practitioners at all levels who provide non-audit and non-attest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setter activities and professional guidance

Objectives

• Keep abreast of current private company standard setting activities of the PCC
• Review recently issued accounting and non-audit attestation pronouncements and hot topics
• Identify key accounting implications related to new ASUs and ASC Topics 842 and 326
• Understand new guidance applicable to auditing, SSARS and attest engagements
• Be aware of other important guidance affecting small and medium-sized business practitioners

Preparation

None