Accounting and Auditing Update for Small Businesses

Overview

You could pay $0 for this course!
This course qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% of the cost of training reimbursed. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks before the start date of the course to be eligible. The course code for this program is C-3037.  To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

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

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.