Annual Accounting and Auditing Update – Webcast

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Nov 19, 2021

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

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

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. The course will also address common financial reporting issues resulting from the COVID-19 pandemic, including asset impairment, debt and lease restructuring and covenant issues, going concern considerations and Paycheck Protection Program accounting issues. Next, we will discuss new and proposed AICPA standards related to auditor’s reporting and other topics, proposed changes to the SSARS, and 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

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Leaders

Jonathan Howell

Jonathan G. Howell, CPA, graduated from Willamette University with a Bachelor's Degree and a triple major in 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.

Jon has extensive experience providing services to employee benefit plans, both administration and audit, franchise restaurants, retailers, professional service companies, medical practitioners, investment real estate, real estate brokers, financial services 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.

Jon has served as Audit partner at local CPA firms in Portland since 1997. In 2020, Jon co-founded Howell Straczek LLC.

Jon is a Certified Public Accountant (CPA), licensed in Oregon. He is a member of the American Institute of Certified Public Accountants. Jon serves on the Oregon Board of Accountancy’s Peer Review Oversight Committee and is an Audit continuing education instructor for the Oregon Society of Certified Public Accountants. He also serves on the Budget Committees of the Lake Grove Fire District and the Southwood Park Water District. He is a past adjunct accounting faculty member of Portland State University’s School of Business where he taught Advanced Accounting: Business Consolidations and Advanced Taxation. He previously served on the AICPA Employee Benefits Technical Resource Panel.

(3/18/21)