CD of Teleconference with Q&A
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and Sales & Use Tax Monitor
In late January, the PCAOB approved Auditing Standard No. 6, an important piece of new guidance designed to improve auditors' reporting on items that affect the consistency of public and private company financial statements.
Once the SEC approves the standard, auditors will face detailed responsibilities to assess consistency and report whether changes in financial statements arise from changes in accounting principle or corrections of misstatements. Together with FASB's Statement No. 154 on accounting changes and error corrections, Auditing Standard No. 6 will establish new benchmarks your firm will have to meet on reviewing financial statements.
Listen as our panel of accounting veterans bottom-lines the key terms of Auditing Standard No. 6 and FAS 154, and suggests some practical approaches needed to adjust your oversight.
Our panel included:
Barry Smith, Managing Director, SMART - Accounting & Consulting Services, Devon, Pa. He has nearly 30 years of experience working with corporate clients and is the Technical Review Managing Director for attest services provided by the firm's CPA affiliate.
Dennis Muse, Principal and National Director of SEC Services, Reznick Group, Tysons Corner, Va. He has more than 24 years of accounting firm and industry experience, including stints as an associate director with the SEC Corporation Finance Division and as an assurance partner at BDO Seidman.
Greg Fletcher, Associate Chief Auditor, Public Company Accounting Oversight Board, Washington, D.C.
The panel explains and prepares you to react to these and other key issues:
- How to evaluate and disclose new positions arising from either changes in accounting principles or corrections of misstatements.
- What Auditing Standard No. 6's removal of the GAAP hierarchy means for your work.
- How to reconcile Auditing Standard No. 6 with FAS 154's retrospective application for reporting changes in accounting principle.
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.
Upcoming accounting teleconferences