Annual Accounting and Auditing Workshop. Kurt Oestriecher
Rate Swaps—Simplified Hedge Accounting Approach (a consensus of the Private Company Council) FASB ASU No. 2014-07, Consolidation (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements (a consensus of the Private Company Council) FASB ASU No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination (a consensus of the Private Company Council) FASB ASU 2018-17, Consolidation Topic 810: Targeted Improvements to Related Party Guidance for Variable Interest Entities Current PCC activities International Financial Reporting Standard for Small and Medium-Sized Entities Note
6 Chapter 5: FASB Exposure Drafts and Projects Framework projects Recognition and measurement projects Presentation and disclosure projects
7 Chapter 6: The Current Environment and Implications for Audit Planning Understanding the entity and its environment Current economic factors Executive views of top risks for 2020 Enhancing risk assessment processes Audit planning considerations Summary Notes
8 Chapter 7: New Statements on Auditing Standards SAS No. 134: Auditor Reporting SAS No. 135: Omnibus SAS-2019 SAS No. 136: Reporting on Employee Benefit Plan Financial Statements SAS No. 137 — Auditor Responsibility for Other Information in Annual Reports SAS No. 138 — Description of Materiality Summary
9 Chapter 8: Other Standards-Setting Activities Affecting Audit and Attestation Engagements Exposure drafts of proposed SASs Recently issued auditing interpretation Recently issued technical questions and answers (Q&As) Recently issued attestation standards Outstanding exposure draft of proposed revisions to SSAEs Attest interpretations ASB’s standards setting agenda Summary
10 Chapter 9: PCAOB Update About the PCAOB Recently issued PCAOB auditing standards Recently issued exposure drafts of proposed PCAOB auditing standard Recently issued concept release Other ongoing, audit-related projects of the PCAOB Summary Notes
11 Chapter 10: Preparation, Compilation, and Review Engagement Update Reminder of SSARS-related engagements SSARS No. 24 — Omnibus SSARS–2018 SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions Common practice issues Case study Summary Notes
12 Chapter 11: Other Recently Issued Guidance Overview of COSO AICPA audit quality initiative CAQ audit quality framework Staying abreast of emerging technologies Summary of changes to the AICPA Code of Professional Conduct Summary of exposure drafts of proposed changes to the AICPA Code of Professional Conduct Summary Notes
13 Accounting and Auditing Glossary
14 Index
15 Solutions Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 6 Chapter 7