General Accounting and Auditing Developments, 2015/16

This useful resource contains a description of all recent auditing, accounting and regulatory developments, and ensures you have a robust understanding of the business, economic, and regulatory environments in which you and your clients operate.

In addition, this alert ensures you have a full understanding of emerging practice issues, with targeted analysis of new developments and how they may affect your engagements, including:

• Recent Economic Trends
• Recent Legislative and PCAOB Developments
• FASB exposure drafts
• Committee of Sponsoring Organizations of the Treadway Commission (COSO)
• ARSC Clarity Project, including the newly issued AICPA SSARS No. 21 Standard
• AICPA Ethics Codification Project

It also contains new accounting and auditing guidance related to derivatives and hedging, service concession agreements, discontinued operations, stock compensation, and more.

Key Benefits:

• Get an understanding of the new AICPA ethics codification project
• Get an understanding of the new PCAOB requirements for Broker Dealers
• Discussion of Revenue Recognition Standard
• Discussion of recent PCC alternatives
• Get an understanding of the new COSO Framework

Updates:

• Audit Quality Initiative
• SSARS Clarity Project
• Statement on Auditing Standards No. 129
• ASB Going Concern Interpretations

Who Will Benefit:

• All auditors as new accounting guidance is discussed