2013 FASB, SSARS and SAS Update (Currently Unavailable)

Author: Steven C. Fustolo

CPE Credit:  24 hours for CPAs

The purpose of this course is to inform the reader of the various changes affecting accounting, compilation and review, and auditing engagements including newly issued FASB and FASB statements, new statements issued by the Auditing Standards Board, changes in compilation and review, and more.

Designed For
Practitioners at all levels who need an update on FASB, SSARS and SAS

Topics Covered

  • New rules on consolidation of variable interest entities
  • FASB 150 related to debt-equity classification
  • Current financial reporting developments
  • Accounting for goodwill and business combinations
  • New SSARS No. 19 for compilation and review
  • New Auditing Standards and Other Auditing Developments
  • Compilation and Review Update

Learning Objectives

  • Distinguish between a merger and an acquisition with a not-for-profit organization
  • Define the two types of subsequent events
  • Understand the types of asset transfers that are subject to the FASB No. 166/140 rules
  • Learn about the Accounting Standards Codification
  • Understand the extensive changes made by SSARS No. 19

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Auditing (8 hours), Accounting (16 hours)

Program Prerequisites
A basic understanding of FASB, SSARS, and SAS.

Advance Preparation
None

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