Accounting and Auditing Update for Small Businesses

Overview

Designed specifically for practitioners providing accounting and auditing services to small businesses, this course offers critical updates on recent developments in accounting, auditing, compilation, preparation, and review standards. Other professional guidance affecting small businesses and their auditors is also covered. The materials provided include practical application to enhance your ability to understand and apply the standards to real-life scenarios. Given the rapid pace of regulatory changes in today’s landscape, it is imperative to stay abreast of the current issues shaping the profession.

Objectives

When you complete this course, you will be able to:

Identify recently issued FASB, ASB, and ARSC guidance and standards that affect small businesses.

Identify key concepts related to exposure drafts and other projects in accounting and auditing.

Recognize the nuances of small business audits: who needs them and why.

Highlights

Accounting standards updates, including an update on leases, financial instruments, and revenue recognition

Latest activity from FASB, ASB, and ARSC

An update on audit and attest standards

Private company financial reporting

Types of small business audits

Designed For

CPAs who require a review of recent accounting and auditing pronouncements

Prerequisites

Previous auditing and accounting experience

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Eugene Ristaino, Isdaner & Company, LLC

Leader Bios

Eugene Ristaino, Isdaner & Company, LLC

Eugene J. Ristaino, CPA Isdaner & Company, LLC/Bala Cynwyd, Pennsylvania Mr. Ristaino is a partner in a local firm and is Director of Accounting and Auditing and quality control. He has over 30 years experience in public accounting. He manages a diversified practice including construction and real estate, healthcare, manufacturing, governmental auditing (including single audit and HUD), transportation, travel, and not-for-profit organizations. He also has extensive experience in compliance auditing for both the public and private sector. Mr. Ristaino has authored and presents numerous professional education programs around the country and is a professor of tax law at Villanova and Philadelphia Universities. Gene is a member of the Peer Review Committee for the Commonwealth of Pennsylvania, and is a team captain for the Peer Review Program of the AICPA.

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