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Accounting and Auditing Current Developments

Aug. 16
8:00 a.m. - 4:00 p.m.

Hershey Lodge
Hershey - Map it

CPE Credits



PICPA Member: $285 | Nonmember: $385

CLE Credit Add-On: $50

 More Information

Course No.


Understand how the business and financial reporting environments have been reshaped by the pandemic. Learn about financial reporting risks for closely held companies as they recover from disruption. Become familiar with going concern reporting and how SSARS 25 changes engagements. Receive an update on current and proposed developments at the FASB, PCAOB, and ASB.


  • FASB overview, including recent postponements and pronouncements
  • Accounting for going concern, impairment, and inventory write-downs
  • Loan modifications and forgiveness, debt restructuring, and covenant compliance
  • Lease accounting: Implementation is here
  • Credit losses and CECL: Where are we?
  • Financial statement fraud risks in recovery
  • SSARS 25: New standards in preparation, compilation, and review
  • Auditing standard updates in the pipeline


Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also Associate Director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups.

He has taught in graduate and undergraduate business programs in Europe, Africa and the US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at


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