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