Join us either in-person or virtually for all of these great events.
This course, based on Government Auditing Standards, 2018 Revision, is essential
for auditors performing Yellow Book audits. It provides detailed information that all
auditors planning and conducting engagements in accordance with the Yellow
Book need to be able to discern the requirements related to independence. This
course will increase your knowledge of the requirements and application guidance
related to ethics, standards for financial audits, attestation engagements,
performance audits, and more.
The sheer mass of Internal Revenue Code provisions affecting individual taxpayers
presents a considerable challenge for CPAs and tax professionals. These
provisions combined with the potential for input error when utilizing the array of
income tax software available, create the potential for a multitude of errors that
can occur when preparing your client’s tax return.
Join us as we discuss the common errors practitioners make on individual tax
returns that are often missed by review staff. Sharpen your reviewing skills by
examining case studies discussing issues for which additional information from
the client may be warranted, and areas of tax law that require additional analysis
The partnership section of the Internal Revenue Code is arguably one of the most
difficult sections to comprehend. That complexity, and the reliability of tax
software to properly handle it, can create many issues for you and your staff when
processing you client’s LLC and partnership tax returns.
Join us as we discuss the common errors practitioners make on partnership tax
returns that are often missed by review staff. The intent is to sharpen skills for
reviewers by examining case studies and discussing issues where additional
information from the client may be warranted and areas of tax law where proper
treatment requires additional analysis and information. Multiple issues will be
discussed including income, deductions, K-1 reporting, and more! This course
follows a highly illustrative case study format to increase participant
comprehension and retention.
Do you know which leases are within the scope of FASB ASC 842, Leases, and how
to apply the new financial accounting, financial reporting, and disclosure
requirements of this new major standard? This course addresses those questions
by examining the core principles of the standard, including identification,
recognition, measurement, presentation and disclosure requirements. Examples
with journal entries are included to illustrate application of the standard.
This course explains the lessee accounting model, including lease classification,
amortization of the right-of-use asset, and interest on the lease liability. This
course also explains the lessor accounting model, including transfer of risk, profit
recognition, and collectability. Additional topics include short-term leases,
purchase options, variable lease payments, and sale and leaseback transactions.
In addition, this course addresses the business context of implementing the new
standard by identifying key factors for managing this significant change.
As described by the title, this course is a review of new guidance and hot topics.
New guidance includes pronouncements, exposure drafts, and other guidance
recently issued by FASB. Hot topics include major accounting standards updates
such as revenue recognition, credit losses and leases, as well as key topics such
as fair value measurement.
In July 2019, the AICPA Auditing Standards Board issued as a final standard,
Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting
on Financial Statements of Employee Benefit Plans Subject to ERISA. SAS No. 136
prescribes certain new performance requirements for an audit of financial
statements of employee benefit plans subject to the Employee Retirement Income
Security Act of 1974 (ERISA) and changes the form and content of the related
auditor’s report. It is not for plans that are not subject to ERISA. Codified in new
AU-C section 703 of AICPA Professional Standards, this standard is the
foundational section that addresses the auditor’s responsibility to form an opinion
on the ERISA plan financial statements and prescribes the form and content of the
auditor’s report for ERISA plan audits.
This course will address changes brought on by SAS No. 136. Specifically, the
course looks at requirements for engagement acceptance, audit risk assessment
and response, including the auditor’s consideration of relevant plan provisions,
communications of reportable findings with those charged with governance, the
auditor’s responsibilities relating to the ERISA-required supplemental schedules
and the Form 5500 and the form and content of the related auditor’s report.