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8 CPE Credits

Surgent's Accounting, Audit, and Attest Update for Practitioners with Small-Business Clients

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8 CPE Credits

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.


Specifically tailored for practitioners who not only perform audits but also provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, auditing, and SSARS standards, including SAS 145 and the quality management 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.

Following the release of the FASB’s final PIR report for ASC 606, Revenue, in December of 2024, we do a deep dive into the complex revenue recognition standard and findings of the PIR report, review common special purpose frameworks, and discuss the new quality management standards for audits and SSARS engagements. This course will get you up to speed on the things that are most important to your small and medium-sized clients.

Learning Objectives

  • Keep abreast of current private company standard-setting activities of the PCC
  • Review recently issued accounting and non-audit attestation pronouncements and hot topics
  • Understand the key findings in the FASB’s PIR report on ASC 606 and the major provisions within the standard
  • Understand new guidance applicable to auditing, SSARS, and attest engagements
  • Be aware of other important guidance affecting small and medium-sized business practitioners

Major Topics

  • Private company standard-setting activities
  • Small and medium-sized business-related ASUs
  • Post-Implementation Review (PIR) report for ASC 606
  • FASB ASC 606, revenue from contracts with customers
  • Special purpose frameworks – cash, modified cash, and tax basis
  • Common small and medium-sized business financial statement errors and deficiencies
  • New and upcoming SSARS, SAS, and SSAE standards
  • SAS 145
  • AICPA Quality Management Standards (SQMS 1, SQMS 2, and SQMS 3)

CPE Credits Available

8 CPE Credits
6
Accounting
2
Auditing

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Accounting

Prerequisites

Experience in accounting and auditing

Advanced Preparation

None

Intended Audience

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-setter activities and professional guidance

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 159 159
    Join

  • COCPA Non-Member

    $ 207 207
    Your Price

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