CPE Self-Study

Annual Update for Accountants and Auditors

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    Annual Update for Accountants and Auditors In Stock Product #: 730792
    AICPA Member: $129.00
    Non-Member: $169.00
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    Annual Update for Accountants and Auditors In Stock Product #: 180102
    AICPA Member: $209.00
    Non-Member: $269.00
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    Annual Update for Accountants and Auditors Online Access Product #: 153677
    AICPA Member: $189.00
    Non-Member: $239.00
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Staying current on the fast-paced changes in the accounting and auditing industry is challenging yet critical. This comprehensive CPE course covers relevant pronouncements, exposure drafts, and recently issued FASB, PCAOB, and ASB standards and guidance that impact the accounting, auditing, review, and compilation arenas.

The course covers important industry changes such as revenue recognition, leases, financial instruments, and SSARS No. 21, and includes practical applications for each, to help you understand and apply the standards to real-life scenarios. The course also contains an exclusive video segment featuring expert speakers from the Private Company Council, Deloitte & Touche, and the AICPA Audit & Attest Standards Team.

New for 2016:
ASU's issued in the past year, covering topics such as revenue recognition, leases, financial instruments, and Business Combinations; recently issued SAS No's 128 through 130 and recently issued auditing interpretations; revised SSAE standards; Overview of SSARS No. 21.

Key Topics

  • Accounting, auditing, and attestation standards updates
  • Attest Clarity Project
  • ARSC Clarity Project
  • FASB projects – financial instruments
  • Private company financial reporting
  • IFRS in the United States – an update
  • Impact of the current environment on audit planning

Learning Objectives

This course will prepare you to:

  • Understand recently issued FASB standards and guidance
  • Assess the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services
  • Become familiar with exposure drafts and other projects in accounting, auditing, compilation, preparation, and review services

Who Will Benefit?

  • CPAs who require a comprehensive review of recent accounting and auditing pronouncements

This product includes a course manual, plus, a 268 min (total run time) DVD video, which includes 11 separate segments relating to chapters within the manual. AICPA has assembled subject matter experts to discuss what matters most to those within the accounting and auditing profession, as well as what is expected to come in the future, from a regulatory and statutory standpoint. This product is designed to be used by first viewing the specific video segment, and then, returning to the course manual to read the chapter relating to the same topic as the video. Panelists' discussion is led and moderated by Renee Rampulla, CPA, CGMA, Owner, Rampulla Advisory Services, LLC.  Panelists include the following (listed in order of appearance): William Schneider, CPA, CGMA, Director of Accounting, AT&T, Inc.; Michael Cheng, CPA, Private Company Council, FASB; Ahava Goldman, CPA, CGMA, Senior Technical Manager – Audit & Attest Standards Team, AICPA; Megan Zietsman, CPA, CA (SA), Partner – Audit & Assurance Services, Deloitte & Touche, LLP; Michael Glynn, CPA, CGMA, Senior Technical Manager – Audit & Attest Standards Team, AICPA

System Requirements

About the Authors

Kurt G. Oestriecher, CPA

Alexandria, Louisiana

Mr. Oestriecher has been employed by Oestriecher & Company; CPA's since 1986 and has been partner in charge of accounting and auditing services since 1994. He has also served as an Adjunct Instructor of Accounting at Louisiana State University at Alexandria and Northwestern State University.

Kurt functions in many capacities for the Louisiana Society of CPAs on its board and varying committees. He is Past President of the LCPA and past President of the Central Louisiana Chapter of Society of Louisiana CPAs. He is currently chair of the LCPA Professional Ethics Committee. He is a member of the AICPA and has served on the Accounting and Review Services Committee, which issues the Statements on Standards for Accounting and Review Services. He also served a six year term on the AICPA Joint Trial Board, and recently completed a three year term on AICPA Council

He received the Outstanding Discussion Leader Award from the Louisiana Society of CPAs in 1998, 2006, and 2010, and the AICPA Outstanding Discussion Leader Award in 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, and 2015.

Mark Beasley, PhD, CPA

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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