CPAR Accounting & Financial Reporting

CPAR - 2019/October, Seg.04 - Simplification and Overall Audit Objectives

Course Overview
The FASB continues to take steps to simplify financial reporting. At the same time, the AICPA is making changes that are intended to enhance the relevance and usefulness of the auditor's report. Sal Collemi, managing member and founder of Collemi Consulting & Advisory Services, provides an update on simplification, alternative reporting frameworks, and the auditor's responsibilities under AU-C Section 200.

Learning Objectives:

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

  • Recognize the goals of the FASB's simplification initiative;
  • Identify the key elements of the FASB's two latest simplification proposals;
  • Recognize the role of alternative reporting frameworks; and
  • Identify the auditor's responsibilities under AU-C Section 200.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

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 : CPAR1418-FM

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

Returning Subscribers

- OR -