Accounting and Auditing Update for Small Businesses

Description

Geared toward practitioners who provide accounting and auditing services to small businesses, this course updates you on the new accounting, auditing, compilation, preparation, and review standards, and other professional guidance that impact small businesses and their auditors. Materials include practical applications of the topics covered to help you understand and apply the standards to real-life scenarios. With the rate of change in today's regulatory environment, you must stay current on the topics impacting the profession. Your clients are counting on you!

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

Objectives

  • Identify recently issued FASB, ASB, and ARSC guidance and standards that impact small businesses.
  • Identify key concepts related to exposure drafts and other projects in accounting and auditing.
  • Recognize small business audits: who needs them and why.

Designed For

CPAs who require a review of recent accounting and auditing pronouncements

Leaders

Michael Brand

Michael Brand CPA, CGMA Athens, Alabama

Michael L. Brand, CPA, CGMA was the chair of the ARSC from 2011 through 2015 during the time the SSARS 21 clarity project was going on. Mike now serves on the AICPA’s Professional Ethics Executive Committee. Mike is currently the A&A and Quality Control partner in the firm of Johnson, Feigley, Newton & Brand in Athens, AL. He received his B.S. in accounting from the University of North Alabama and has been in the practice of public accounting for over 25 years. During those years, he has been involved in all aspects of public accounting, with an emphasis in providing accounting, audit, and review services to clients in for profit, not-for-profit, and governmental sectors.

He also teaches continuing education classes across the country and has been awarded the Outstanding Facilitator Award multiple times. He has spoken at several conferences nationwide and overseas. Additionally, he conducts peer reviews. He currently serves on the Board of Directors for the Alabama Society of CPA’s and is the former chair and current member of the Alabama Society of Certified Public Accountants Peer Review Committee and is on the planning committee for National Advanced Accounting and Auditing Symposium. Additionally, he was on the Peer Review Board, Joint Trial Board, and Quality Control Standards Task Force of the AICPA.