CONTACT THE BUSINESS LEARNING INSTITUTE
Name*
Email Address*
Phone Number:
Message:
Please enter the following text in the box below:
captcha
ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
The Latest Nonpublic Entity A&A Scoop Practical Insights into Current Accounting & Auditing IssuesCOURSE ID: PAAPC
DESCRIPTION

This course provides a high level overview of the most important issues facing nonpublic entities and their accountants. The focus is on explaining the basis behind major issues and trends in executive summary form, enabling professionals to understand the most important aspects of relevant standards and why any planned or potential changes are coming down the pike.

DESIGNED FOR: Public and industry accountants at all levels interested in remaining current on professional, technical and relevant regulatory requirements most relevant to nonpublic entitiesFIELD OF STUDY: Accounting, AuditingLEVEL: UpdatePREREQUISITES: Knowledge of currently effective professional and technical standardsCOURSE PRODUCER: Business Learning InstituteCREDITS: 8.0OBJECTIVES:
  • Describe “hot topics” related to nonpublic entities
  • Explain how to manage risk associated with audit and nonaudit services provided to nonpublic entities
  • Discuss practical examples of implementing changing technical, professional and relevant regulatory requirements
HIGHLIGHTS:

* When and why you should implement the private company GAAP alternatives, including specific examples of transitioning from full GAAP
* The latest FASB standard-setting activity most relevant to nonpublic entities, including significant projects on the horizon
* Preparing for implementing the new revenue recognition model
* Understanding impact of changing lease accounting
* The impact of new financial instruments accounting rules as it relates to nonpublic entities not in specialized industries such as financial institutions and insurance
* Frequently asked questions related to SSARS 21 financial statement preparation, compilation and review engagements
* When to apply the latest attestation standards contained in SSAE No. 18
* Mitigating risk associated with nonattestation services, including responding to requests for third party verification (comfort letters)
* Recent revisions to generally accepted auditing standards
* Highlights of COSO’s internal control and enterprise-wide risk management guidance as it relates to nonpublic entities
* Current fraud trends in today’s business environment, focusing on audits in smaller entities
* Other matters that should be on your radar

UPCOMING SCHEDULED COURSES
DATE NAME LOCATION ORGANIZATION PUBLIC/PRIVATE CREDITS
10/23/17MICPA -The Latest Nonpublic Entity A&A Scoop and Practical InsightsMichigan Association of CPAs TroyMichigan Association of CPAsPublic8.0
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
SUBSCRIBE TO THE BLI BLOG