Webinars

Steven C. Fustolo, CPA

CPE: 5 CPEs (3 Accounting, 2 Auditing)

Tuesday, November 25, 2025
Check-in Begins: November 25, 2025 12:10 PM Eastern Time (US and Canada)
Official Start Time: 12:30pm-4:40pm

The objective of this course is to address key changes affecting accounting, compilation and review, and auditing engagements, as well as a review of selected other developments. The focus is on standards that affect years 2024, 2025 and beyond.

Topics Include:

• Review the newly issued SSARS No. 27 addressing preparation of financial statements in consulting services engagements, including part-time controllership services.- NEW
• Address newly issued ASU 2025-03 and 2025-04- NEW
• Discuss the new ASU 2016-13 and ASU 2025-05 related to the computation of the trade receivable allowance account and new disclosures, including new rules on using subsequent collections to measure the allowance account. BIG PEER REVIEW ISSUE
• Discuss GAAP for the 2025 Tax Act (OBBB Act)- NEW- HOT TOPIC
• Review ASU 2023-08 (crypto assets), ASU 2023-09 (income tax disclosures), ASU 2023-05 (joint ventures), and ASU 2024-03 and 2025-01 (expense disaggregation disclosure). NEW CHANGES
• Discuss post-implementation issues for the lease standard including options to avoid the lease standard-BIG PEER REVIEW ISSUE
• Review the special election available for short-term, common-control
  leases under ASU 2023-01- Leases- Common Control Arrangements.
• Briefly discuss new auditing standards found in SAS No. 146-149.
• Review the most recent Report to the Nation on Occupational Fraud.
• Discuss SSARS No. 26 for compilation, review and preparation engagements.