Description: |
The 2017 Gear Up accounting course is designed to give practitioners the information they need to provide audit, review, compilation and preparation engagements for small and mid-sized companies. This course is more than just an update and covers a wide variety of topics including core concepts related to financial reporting and accounting and review services, in addition to critical updates to professional standards. This course also features many exhibits, examples and other practical takeaways to help you implement the content presented.
2017 topics include:
In-depth look at SSARS standards including SSARS 21 implementation and newer SSARS standards 22 and 23
Summary of core concepts in financial statement presentation and disclosure, including presentation form and style, common disclosures, the statement of cash flows, the statement of comprehensive income, special purpose frameworks and the income tax basis of accounting
Practice management and quality control issues including an overview of the peer review checklist, quality control standards, professional standards related to tax services and accounting services and practice continuation agreements
Specialized practice areas including divorce engagements, personal financial statements and industry-specific risks and considerations
Special considerations in performing audits and reviews including using and improving analytical procedures and understanding fraud risks
Accounting and auditing update including a practical summary of the new standards from FASB and AICPA that affect your practice (including an overview of critical new accounting standards-related leases and revenue recognition, recently issued FASB simplification standards, new audit standards related to Going Concern uncertainties and much more)
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