Review of Current Critical Accounting and Auditing Concerns (CAAC)

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Intermediate

Major Topics:

• ASC Topic 842, Leases, implementation challenges, and ongoing accounting
• Technology trends impacting the accounting profession
• Engagement quality update
• Going concern accounting and reporting issues

Learning Objectives:

• Apply the FASB’s new lease accounting guidance, ASU No. 2016-02
• Recall the AICPA engagement quality initiatives and peer review results
• Identify key disclosure and reporting considerations related to going concern
• Recall key concepts related to data-driven decision-making and technology trends

Designed For:

Practicing CPAs and their staffs, both in public accounting and business and industry — controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review