FMN Accounting

FMN - 2020/July, Seg.2 - Along Came the PPPFA

Course Overview
A common theme in this pandemic is questions. We all have them - questions about the virus itself, life after the virus, the "new normal". But not all questions are about our lives. The AICPA is also bombarded with questions about accounting and auditing standards as well as the CARES Act, PPP and PPPFA. Kristy Illuzzi, CPA, staff liaison for the PCPS Technical Issues Committee at the AICPA, starts our segment by telling us about one of the most frequently asked questions relating to audit and accounting due to this pandemic.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the audit threshold for PPP loans;
  • Recognize challenges businesses and auditors face as a result of the pandemic;
  • Determine the reasons for a qualified opinion on inventory; and
  • Identify the standard setters' response to the pandemic vis-a-vis upcoming changes.

Speaker / Author:

FMN Online
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.


Price (USD)

Standard: $69.90


Course Code : FMN1357-FM

Release Date : 07/14/2020
Expire Date : 02/14/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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