2024 Accounting & Auditing Update An All-New Seminar
(Full-Day or 2 Half-Days)
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(Full-Day or 2 Half-Days)
CREDITS: 8
CATEGORY: Accounting (4), Auditing (4)
SPEAKER: Prof. Kenneth Heaslip, CPA
DATE: Any Day or 2 Half-Days 12/22-26 or 12/29-31
or Thursday January 9, 2025 or 2 Half-Days 1/9 & 1/10
or Any Day or 2 Half-Days Mon.-Thu. January 27-30
or Any Day or 2 Half-Days Mon.-Thu. February 10-13
TIME: Full Day Option: 8:50 A.M. - 5:10 P.M. Eastern
8:50 - 10:45 Welcome & Lecture
10:45 - 11:00 Coffee Break
11:00 - 12:30 Lecture
12:30 - 1:30 Lunch (on your own)
1:30 - 3:15 Lecture
3:15 - 3:30 Coffee Break
3:30 - 5:00 Lecture
5:00 - 5:10 Wrap-up
Half Day Option: View Anytime Between 9AM-5PM Eastern on each day.
LOCATION: All New (2024) Pre-Recorded Webinar With Live Q&A
NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!
The objective of this course is to address new and significant issues that every CPA and financial statement preparer must be familiar with which relates to accounting, auditing, and compilation and review engagements as well as a review and update of selected other important developments. The focus is on issues that affect years 2024 and beyond. This is a must attend seminar for all involved in the preparation of financial statements.
This course qualifies for up to 6 credits of the 24/80 Yellow Book/GAGAS CPE!
REMINDER: You need to have 40 CPE credits in A&A every 3 years if you prepare financial statements. This seminar will help you meet your 40 CPE requirement.
Topics & Learning Objectives Include:
- Review and update of recently issued ASUs including ASU 2024-01 and 2024-02 issued in 2024
- New Accounting and Auditing Rules for CRYPTO Assets – including differences in reporting for tax purposes
- Update on the ‘hot topic” on accounting for Pass-Through Entity Tax (PTE) – including the latest rule for elections and disclosures
- Review and Update of the New Revenue Standard – lessons learned and practical examples highlighted
- Post-Implementation of the new Lease Standard – with several real life illustrations and examples presented
- Financial Instruments and CECL – including ASU 2016-13 relating to receivables effective for 2023
- New ACFE 2024 "A Report to the Nations" on occupational fraud
- Update on Statements on Quality Management Standards (SQMSs)
- SSARS Update including SSARS No.. 25 and No. 26 for compilations and reviews – with actual report illustrations
- Attestation Standards – Review and Update including new SSAE 23
- Auditing Standards including SAS 134-149, some effective beginning in 2023
- Peer Review Issues
- Environmental, Social, Governance (ESG) Update - when are disclosures necessary?
Kenneth Heaslip is one of the foremost lecturers in Accounting & Auditing. He has over 30 years of experience in lecturing on A&A topics and is currently a professor at Mercy College.
- Program Level: Overview
- Prerequisites: Basic Knowledge of U.S. GAAP, Compilation & Review, and Auditing Standards
- Advance Preparation: None Required