Webinars

Steven C. Fustolo, CPA

CPE: 5 CPEs (3 Accounting, 2 Auditing)

Tuesday, November 21, 2023
12:30-4:40pm EST
(US and Canada)

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 year 2023 and beyond.

Topics Include:

• Discuss post-implementation issues for the new lease standard including how to handle related party leases, and approaches to avoid the lease standard - BIG PEER REVIEW ISSUE
• Review the special new election available for related party leases under ASU 2023-01- Leases- Common Control Arrangements.
• Discuss the new ASU 2016-13 that is effective in 2023 relates to the computation of the trade receivable allowance for bad debt. NEW 2023 CHANGE
• Learn about the new auditing standards found in SAS No. 142-149, some effective in 2023 year end audit engagements.
• Discuss new SSARS No. 26 for compilation, review and preparation engagements.
• Learn Pass-Through Entity (PTE) Tax election accounting and disclosures issues and the authority for presenting the expense as an income tax expense
• Review GAAP issues related to inflation and rising inflation rates, including bank loan covenants and defaults
• Address the impact of rising interest rates on unrealized losses in securities
• Review the proposed ESG standards that may affect non-public company reporting
• Discuss the new ASU 2016-13 that is effective in 2023 relates to the computation of the trade receivable allowance for bad debts
• Learn about the proposed required disclosures of certain operating expenses
• Review the results of the latest fraud report
• Small business LIFO using the external index – in an inflationary market
• Learn about private company accounting and practice issues, and more