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Practical Financial Accounting and Auditing Update (4091404B)

 
REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

Many small firm practitioners shy away from A&A update courses since they do not perform audits, not realizing that many existing and emerging audit issues apply to compilation and review engagements. Learn what changes in the standards apply to small and medium-sized companies, including new standards for compilation and review engagements, SSARS 13-17; Independence 101-3 issues; fraud; and significant auditing standards changes.

SEC-related matters are not covered.

Date:Friday, November 06, 2009
Time:8:30 AM - 4:30 PM (Registration at 7:30 AM)
Facility:Marriott Riverside, Riverside
Area:Inland Empire
CPE Credit:2.0 Fraud
8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
Instructor: Thad H. Scott , CPA, CFE, MS
NASBA Subject Area:Accounting
Delivery:Group Live
Course Level:Update
Fee:$315 CalCPA Members, $415 Nonmembers
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Understand recent changes in FASB, SAS and SSARS standards.
  • Review selected FASB and SAS standards.
  • Understand the new peer review standards.
  • Explore new compilation and review engagement standards, SSARS 13-17; independence issues and several new audit standards.
  • Improve effectiveness, reduce your risk and improve your profitability on A&A engagements.
  • Know your responsibilities for preventing and detecting fraud.
    •

    Major Topics:
  • Expected impact of current and future accounting and reporting standards
  • Recent compilation and review changes including SSARS 13, 14, 15, 16 and 17
  • Recent changes in auditing standards: understanding the new risk-based audit standards, including documentation, will be emphasized
  • Common peer review engagement deficiencies
  • Update on peer review requirements
  • Nonauditors no longer must be familiar with new and ongoing audit standards
  • A new SSARS pronouncement separates the standards and will change how you research issues
  • Does FIN 46 require consolidation of related party transactions for your compilation and review engagements?
  • Convergence with international accounting standards
  • Fraud: Uncovering clues that your client may be a victim of fraud
  • FIN 48-Uncertain tax postions may require changes to the financial statements
    •

    Designed for:
    Accounting and tax professionals in industry and public practice who need a practical accounting and auditing update for private companies. Note: Formerly Practical Update for Financial Accounting and Auditing.

    Prerequisite:
    None

    Advanced Preparation:
    None


    Note:
    This course has been designated a scholarship fund raiser. Help CalCPA attract and support the next generation of CPAs by making a $40 contribution to the Inland Empire Chapter Scholarship Fund with your registration to this course. Thank you in advance for your support--you are making a difference.

    Friday, November 6, 2009
    Inland Empire Chapter Scholarship Fund tax-deductible contribution
    Yes, I want to make a tax-deductable contribution of $40 to the Inland Empire Chapter Scholarship Fund

    No, I do not want to make a tax-deductable contribution to the Chapter Scholarship Fund

     
     
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