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CPE Self-Study
Annual Update for Accountants and Auditors
NASBA FIELD OF STUDY
Accounting and Auditing
LEVEL
Update
CPE CREDITS
Online: 6.5
Covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, compilation, preparation and review arenas.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

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  • Windows 7 to present

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  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

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Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

Who Will Benefit?

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

Key Topics

  • Accounting and attestation standards updates, with a focus on revenue recognition, financial instruments, and leases
  • Attest Clarity Project
  • ARSC Clarity Project
  • Private company financial reporting
  • Impact of the current environment on audit planning

Learning Objectives

  • 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.

Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive CPE course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, compilation, preparation, and review arenas. For revenue recognition, delaying implementation will likely end up in some companies accounting for revenues under two methods, depending on the adoption approach taken. In addition, companies may result in retroactively recalculating revenue once the new standard becomes effective.

In this course, we sort through the complexities and help you identify and apply recently issued FASB, PCAOB, and AICPA standards and guidance. With the rate of change in today's regulatory environment, it's challenging staying current on the topics affecting the profession. This course provides the information that is critical to your success and covers hot topics such as revenue recognition, leases, financial instruments, as well as intangible assets, consolidation, business combinations and statement of cash flows; Recently issued SAS Nos. 132 and 133 and recently issued auditing interpretations; recently proposed SSAE standards; Overview of SSARS No. 22 and SSARS No. 23.

Table of contents
Author

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

Mark S. Beasley is the Deloitte Professor of Enterprise Risk Management and Director of NorthCarolina State's Enterprise Risk Management (ERM) Initiative, which provides thought leadership about ERM practices and their integration with strategy and corporate governance.

In 2012, Mark was named by the National Association of Corporate Directors (NACD) as one of the “100 People to Watch.? He recently completed over seven years of service on the board for the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Mark is a frequent speaker at national and international conferences and frequently works with boards of directors and senior executives on risk oversight issues. He teaches courses related to enterprise risk management, risks and controls, and auditing in the graduate and executive education programs.

Mark has authored over 80 research articles and business publications and he is the author of a leading auditing textbook. Prior to joining NC State, Mark served as a Technical Manager in the Audit and Attest Division of the AICPA and as an Audit Manager in the Nashville, TN office of Ernst & Young. He received a BS in accounting from Auburn University and a Ph.D. from Michigan State University.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$129.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$129.00
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CREDIT INFO
CPE credits
Online
: 6.5
NASBA Field of Study
Accounting and Auditing
Level
Update
Prerequisites
General understanding of FASB ASC, including ASU's. Knowledge of basic accounting requirements, including financial statement preparation and reporting. General understanding of audit and attestation standards.
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
AUAA
Group Pricing
Product number: GT-AUAA
Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us
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