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Accounting & Auditing Update for Small Business Webinar

Oct 5
9:00 - 1:00 p.m.


CPE Credits

For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement this year, including changes to auditing accounting estimates and risk assessment. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
After attending this presentation, you will be able to...
  • Recall ASUs impacting small businesses
  • Identify the impact of SAS 143 on audit engagements
  • Identify the changes to risk assessment as a result of SAS 145
  • Identify reporting options for small entities other than GAAP

The major topics covered in this course include:
  • Private company ASUs effective this year
  • AICPA's FRF for SMEs


PICPA Member: $149
Nonmember: $199

More Information

Course No. GAMGAAU4 Level: Overview

Prerequisites: Prior experience with GAAP or GAAS

This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.


Melisa Galasso