Accounting and Auditing Update for Small Businesses
8.00 Credits
Member Price $275
Non-Member Price $375
Overview
This course is offered in collaboration with multiple state societies and is hosted by the Indiana Society of CPAs.
Designed specifically for practitioners providing accounting and auditing services to small businesses, this course offers critical updates on recent developments in accounting, auditing, compilation, preparation, and review standards, as well as other professional guidance affecting small businesses and their auditors. The materials provided include practical applications of the topics covered, enhancing your ability to understand and apply the standards to real-life scenarios. Given the rapid pace of regulatory changes in today's landscape, it is imperative to stay abreast of the current issues shaping the profession.
Highlights
• Accounting standards updates, including an update on leases, financial instruments, and revenue recognition • Latest activity from FASB, ASB, and ARSC • An update on audit and attest standards • Private company financial reporting • Types of small business audits
Prerequisites
Previous auditing and accounting experience
Designed For
CPAs who require a review of recent accounting and auditing pronouncements
Objectives
When you complete this course, you will be able to: • Identify recently issued FASB, ASB, and ARSC guidance and standards that affect small businesses. • Identify key concepts related to exposure drafts and other projects in accounting and auditing. • Recognize the nuances of small business audits: who needs them and why.
Preparation
None
Leader(s):
Leader Bios
Daryl Krause
Daryl G. Krause, CPA, has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his CPA firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Daryl has led more than 100 courses for the AICPA in 27 states and the District of Columbia. He also performs technical reviews during the development of certain AICPA courses.
Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area’s engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work.
As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes.
He served in E&Y’s National Professional Development group as a Senior Manager for 5 years. Roles included designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice. Part of the 11 member team that completed the development effort to introduce the Ernst & Young Audit Approach training for Staff through Partner following the Ernst & Whinney and Arthur Young merger, which was deemed a critical success factor for the newly formed Ernst & Young.
Non-Member Price $375
Member Price $275