Accounting & Auditing

Accounting and Auditing Issues for the Construction Industry

You Will Learn: To handle accounting and auditing issues peculiar to the construction industry. Explore the fundamentals of the percentage of completion method of accounting from a different perspective. Address the common pitfalls for error, and learn to apply the SOP 81-1 for all types of general and specialty contractors. Discuss project progress vs. costs incurred. Address the viability of site visitations.
Malvern – Aug. 6
Mars – Nov. 20

Accounting for Income Taxes under FAS #109/FIN 48

You Will Learn: The practical application of FAS #109 for closely held businesses. Dispel the myths surrounding deferred taxes and get useful approaches and computations. Get an in-depth analysis of the recurring transactions that result in book-tax differences, and learn how to accumulate information needed to simplify the computations.
Trevose – June 16
Mars – June 19

Auditor’s Risk Assessment Process: Tackling the New Risk
Assessment SASs

You Will Learn: The requirements that significantly enhance the quality and depth of the understanding of the entity and its environment, including its internal control system. Gain an understanding of how the new standards differ from existing standards and what you will have to do differently. Learn what procedures are now required to respond to assessed risks.
Harrisburg – July 22
Mars – Nov. 10
Philadelphia – Nov. 12

Detecting Misstatements: Integrating SAS 99 and the Risk Assessment Standards

You Will Learn: How to integrate your audit approach for assessing and responding to risks. Learn to recognize caution signals and improve documentation quality. Explore the requirements of SAS 99 and SASs 104-11, and how to apply them to specific situations.
Hershey – July 30 Offered during the Education Summit
Philadelphia – Sept. 25
Mars – Oct. 21

Partner’s Audit Engagement Documentation and Review

You Will Learn: What documentation is required and what isn't under the newest standards. Identify the steps to ensure the audit strategy has been implemented, and that the partner is aware of all significant issues and all important judgments made by the staff.
Hershey – July 29 Offered during the Education Summit