This course reviews the recent activities of the Financial Accounting Standards Board (FASB) with a focus on standards effective in the current year. We’ll then switch gears and discuss standards issued by the Auditing Standards Board and the Accounting & Review Services Committees of the AICPA. This course provides a strong overview of the key new standards in order to help prepare you to implement them in an effective and practical way.

Key focus areas include: Recently issued Accounting Standard Updates (ASUs); leases; financial instruments; the new auditor’s report (SAS 134); employee benefit plan audits (SAS 136); materiality