Accounting, Audit, & Attest Update for Practitioners with Small-Business Clients

Description

Specifically tailored for practitioners who not only perform audits but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, auditing, and SSARS standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance. Through a detailed review of lease accounting guidance (ASC 842), common special purpose frameworks, new guidance related to audits and SSARS engagements, and the fully implemented credit loss standard (ASC 326, CECL), this course will get you up to speed on the things that are most important to your smaller and medium-sized clients.

Highlights

  • Private company standard setting activities
  • Small and medium-sized business-related ASUs
  • Lease accounting update
  • Special purpose frameworks - cash, modified cash, and tax basis
  • Common small and medium-sized business financial statement errors and deficiencies
  • Newly issued SSARS and SSAE standards
  • SASs effective for year-end audits

Objectives

  • Keep abreast of current private company standard setting activities of the PCC
  • Review recently issued accounting and non-audit attestation pronouncements and hot topics
  • Identify key accounting implications related to new ASUs and ASC Topics 842 and 326
  • Understand new guidance applicable to auditing, SSARS and attest engagements
  • Be aware of other important guidance affecting small and medium-sized business practitioners

Designed For

Practitioners at all levels who provide non-audit and non-attest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setter activities and professional guidance

Leaders

R Wells

Robert Wayne Wells, CPA, CFE Blankenship CPA Group, PLLC/Brentwood, Tennessee

Robert Wayne Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science Degree in Accounting and Economics.

Mr. Wells began his career in public accounting in 1970 with the national firm of what was then Touche, Ross & Co. in Nashville, Tennessee.

In 1974, he joined a local firm in Nashville. This firm provided accounting, auditing, fraud investigations, and tax services to small and medium size businesses as well as extensive tax services to individuals. After a total of over 45 years experience, he is today a Principal with Blankenship CPA Group, PLLC in Brentwood, Tennessee.

Mr. Wells annually instructs numerous continuing education seminars and in-firm training classes all over the US for the major continuing education providers in the areas of accounting, auditing, fraud, and taxation. Mr. Wells is a recipient of the 2013 Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants and the 2014 Outstanding Discussion Leader Award presented by the American Institute of Certified Public Accountants.

Mr. Wells holds a Certified Public Accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the AICPA and the Association of Certified Fraud Examiners.