CPE Course Current Accounting and Attest Service Update for Practitioners with Small-Business Clients

November 28, 2017

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after November 7 and pay $279.00
Non-member Price $359.00Register after November 7 and pay $379.00

Curriculum Accounting & Audit

Field of Interest Accounting (General), Accounting and Auditing, Auditing

Level Update

Designed For

8.00 credits

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Objective

Specifically tailored for practitioners who do not perform audits, but provide other attest and non-attest services to small- and mediumsized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small- and mediumsized business accountants. The course uses practical examples and illustrations to help you understand and apply the material in practice.

Learning Objectives:
• Keep abreast of current private company standard setting activities of the PCC
• Review recently issued accounting and non-audit attestation pronouncements
• Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
• Be aware of other important guidance affecting small- and medium-sized business practitioners

Highlights

• Private company standard setting activities
• Small- and medium-sized business related ASUs
• Revenue recognition and leases update
• Special purpose frameworks – Cash, modified cash, tax, and FRF for SMEsTM
• Common small- and medium-sized business financial statement errors and deficiencies
• SSARS No. 21, Clarification and Recodification, including the new preparation of financial statements non-attest service
• Other types of small- and medium-sized business attest engagements – agreed-upon procedures, specified elements, financial forecasts and projections, and pro forma financial information
• Comfort letters and other third-party verification
• COSO’s updated Internal Control-Integrated Framework
• The AICPA’s new Code of Professional Conduct

Instructors

Richard Gesseck, CPA

Dick Gesseck provides accounting and auditing consulting to CPA firms. He has over 40 years of public accounting experience, including 20 years as an audit partner with Ernst & Young LLP and 10 years as a partner with regional/local CPA firms. He has served publicly and privately held companies in manufacturing, construction, real estate, distribution, service, and not-for-profit industries. He is the author or coauthor of several continuing professional education courses and has led hundreds of accounting and auditing seminars and conferences for which he has received numerous discussion leader awards. Dick updated the AICPA Audit Guide Auditor’s Risk Assessment in a Financial Statement Audit in 2012 for the “clarity standards,” and has coauthored CCH’s Master GAAP Guide for 2013, 2014, 2015, 2016, and 2017. Dick is a past president of the Connecticut Society of CPAs (CTCPA) and has served and/or chaired many of its committees. He also served for many years as an adjunct professor at the University of New Haven, Quinnipiac University, UConn, and Fairfield University and also taught nationally recognized CPA review programs. Dick served as a member of the Financial Accounting Standards Board Small Business Advisory Committee from 2003 through 2015. In 2015 he completed more than ten years of service as a member of the Connecticut State Board of Accountancy. He also serves on other boards and chairs audit committees. Dick graduated from the University of New Haven in 1970 and received that school’s Distinguished Alumni Award in 2002. He received the 2013 Jack Brooks Leadership Award from the CTCPA.close

Prerequisites

Experience in accounting and auditing

Developer

Surgent McCoy CPE, LLC

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