2024 Accounting and Auditing End-of-Year Tune-up

Author: Pat Patterson

Review new FASB Pronouncements, Accounting Standards Updates, to the date of the course. This course will inform participants of the latest issues from the FASB and the Private Companies Council. Revised new effective dates are discussed.

New and revised SASs from the AICPA’s ASB and pronouncements will be discussed. These include SASs 134 through SAS 149 and any new SASs issued up to the date of the session. Any newly released auditing standards will also be dealt with such as SAS 146 and SSARS 26 for Quality Management Issues.

Publication Date: November 2024

Topics Covered

• Review of Accounting Standards Updates (ASUs) from the FASB Effective for years beginning after December 15, 2023
• Update of Auditing Standards Updates (SASs) from the AICPA Auditing Standards Board (ASB) Effective for years ending after December 15, 2023
• Update on Attestation Stanards (SSAEs) from the AICPA Auditing Standards Board (ASB) Effective for years ending after December 15, 2023
• Update on related and applicable professional standards for Accounting and Auditing Issues

Learning Objectives

• Recognize the FASB pronouncements that may impact private companies that come from the FASB and the Private Companies Council for 2022, 2023, and 2024
• Describe other new GAAP releases that may affect the non-issuing entities
• Identify the new Accounting Standards Codifications issued as updates for 2022/2023 and the future
• Recognize auditing standards issued and the Clarified Auditing Standards that are substantive for 2023
• Explain the impact of SASs 134 — 149
• Recognize the new standards for Quality Management like SQMS Nos. 1, 2, and 3

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
Basic understanding of Auditing and Accounting

Advance Preparation
None