Accounting & Auditing Update for Small Businesses
Presenter
Daryl Krause,
CEO,
DG Krause LLC
Overview
Designed specifically for practitioners providing accounting and auditing services to small businesses, this course offers critical updates on recent developments in accounting, auditing, compilation, preparation and review standards, as well as other professional guidance affecting small businesses and their auditors. The materials provided include practical applications of the topics covered, enhancing your ability to understand and apply the standards to real-life scenarios. Given the rapid pace of regulatory changes in today's landscape, it is imperative to stay abreast of the current issues shaping the profession.
Learning Objectives:
- Identify recently issued FASB, ASB and ARSC guidance and standards that affect small businesses.
- Identify key concepts related to exposure drafts and other projects in accounting and auditing.
- Recognize the nuances of small business audits: who needs them and why.
Major Topics:
- 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
