Annual Accounting and Auditing Update - Webcast

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Nov 17, 2020

Registration: 7:30 AM / Program: 8:00 AM - 4:00 PM Pacific Time

Fees

Member Fee: $299.00
Nonmember Fee: $399.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -149.00

Description

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard setting activities of the FASB and AICPA. In addition to providing a status update on Topic 606 implementation, this course will bring you up to date on recently issued FASB and AICPA standards. The course also provides many hands-on examples and illustrations to help you apply the guidance in practice. 

In the course, you will review all issued FASB ASUs which will become effective over the next few years, including a deeper dive into Topic 842, Leases and Topic 326, Impairment. The course will also discuss best practices from the adoption of Topic 606 and ways to both sustain and improve the reporting of revenue going forward. 

Next, we will discuss new and proposed AICPA standards related to auditor’s report and other topics, proposed changes to the SSARS in order to comply with international standards, and provide an update on peer review and other audit quality issues. Lastly, we’ll cover other topics of interest to accountants in both industry and public accounting.

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities.

Objectives

  • Keep abreast of current private company advocacy activities of the PCC
  • Review and apply recently issued and proposed FASB and AICPA pronouncements
  • Understand SSARS No. 21 and related guidance relating to the preparation of financial statements and new guidance on compilations and reviews
  • Recall common audit quality issues and concerns
  • Be familiar with other important A&A practice matters you should be aware of
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Major Subjects

  • Private company standard setting activities
  • Recently issued FASB Accounting Standards Updates
  • Leases – Topic 842
  • Impairment – Topic 326
  • Lessons learned from the adoption of Topic 606
  • Other items on the FASB’s technical agenda
  • Recently issued SASs and other AICPA and PCAOB activity
  • SSARS No. 21, Clarification and Recodification and other recently issued and proposed SSARS
  • Peer review and other audit quality issues
  • Other important A&A practice matters

Leaders

Jonathan Howell

Jonathan Howell, CPA, joined Houck Evarts & Company LLC in 2011 as partner and currently serves as the partner-in-charge at the Lake Oswego office. He was raised in Portland, Oregon and graduated from Willamette University with a Bachelor's Degree – a triple major in the German Language, International Studies and Political Science. During this time he completed a year as an exchange student, studying Economics and German at Ludwig Maximilian's University, in Munich, Germany. He later earned a Post-Baccalaureate Certificate in Accounting and a Master's Degree in Taxation from Portland State University.

Mr. Howell has extensive experience providing service to franchise restaurants, professional service companies, medical companies, mortgage companies, and serves as the partner-in-charge of the Firm's Audit and Accounting Practice, which includes audits of privately held businesses, Employee Benefits Plans, and Nonprofit organizations.

He has taught accounting courses at Portland State University from 2015 through December 2017 (ACTG 490 - Advanced Accounting (Consolidations) for 5 terms and ACTG 482 - Advanced Tax for 2 terms).

Mr. Howell is a member of the OSCPA as well as the American Institute of Certified Public Accountants (AICPA) and its Tax Division. Mr. Howell served on the AICPA Employee Benefits Technical Resource Panel from 2002 through 2004.