Snyder Cohn – Accounting & Auditing Under the New Leasing Standard

Description

The revised effective date for private companies’ adoption of the new leasing standard (ASC Topic 842, Leases) is now January 1, 2022!

Question: Will you be prepared to properly audit such transactions?

This session is designed to provide external auditors with practical and insightful perspectives on how to audit transactions under the Financial Accounting Standards Board’s (FASB) new leasing standard. You’ll learn the new accounting and financial reporting requirements and how to substantively and analytically test them in accordance with Professional Standards.

Learning Objectives
  • Explain the FASB’s new leasing standard requirements
  • Describe and discuss the new accounting and reporting requirements of leases
  • Discuss which audit procedures to perform
  • How to properly audit the transition requirements and initial adoption of the new standard
Major Topics
  • Learning about ASC Topic 842, Leases, particularly the FASB’s new take on how operating leases will now be recognized on the balance sheet as well as the new presentation and disclosure requirements, practical application, and how to properly audit them
Provider
Business Learning Institute
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
2.0
Auditing
2.0
Who Should Attend

Practitioners in public practice who conduct audits of privately-held organizations who have adopted ASC Topic 842.

Instructor(s)
Sal Collemi
Prerequisites

General knowledge of ASC Topic 842 and AICPA Professional Standards

Advanced Preparation

None

Location
Live – Online Webcast
Register Now
When
Oct 21, 2021
1:00 pm - 5:00 pm EST
Location
Live – Online Webcast
Total CPE Credits
4.0
Format
Live Webcast

Register for this Event

Snyder Cohn – Accounting & Auditing Under the New Leasing Standard


Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×