Self-Study: Surgent's Small-Business Accounting, Audit, and Attest Update

Overview

Specifically tailored for practitioners who not only perform audits but provide other attest and nonattest 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 and will get you up to speed on the things that are most important to your smaller and medium-sized clients.

This course covers recently released FASB ASUs, AICPA Auditing Standards, AICPA SSARSs, and the not yet effective Statements on Quality Management Standards (SQMS). Lastly, we will cover ongoing issues and pain points following ASC 842 becoming effective.

Highlights

Small and medium-sized business-related ASUs, including recent PCC activities
Recently issued AICPA standards
Engagement quality update
Newly issued SSARS and SSAE standards
SASs effective for 2024 audits and beyond

Prerequisites

Experience in accounting and auditing

Designed For

Practitioners at all levels who provide nonaudit and nonattest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setters’ activities and professional guidance

Objectives

Review recently issued accounting and non-audit attestation pronouncements, including PCC activities
Understand new guidance applicable to auditing, SSARS, and attest engagements
Identify best practices for ASC 842
Be aware of other important AICPA guidance affecting small and medium-sized business practitioners
Understand key differences in ASC 842 from ASC 840, ongoing issues firms are experiencing, and surprises in the now effective standard