Accounting and Auditing Current Developments

Dec 7
8:00 - 4:00 p.m.

Penn State Great Valley - Main Bldg
Malvern - Map

8-A&A
CPE Credits

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.
Highlights

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

Registration

PICPA Member: $285
Nonmember: $385

More Information

Course No. 135501 Level: Update

Prerequisites: None

Notes

Masks Required
Penn State requires all individuals, regardless of their vaccination status, to wear face masks while inside all campus buildings. Read more about Penn State's event policies.

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance

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 drrayt@verizon.net.