Each year accountants and auditors must implement numerous updates from accounting standards/requirements outlined by the AICPA, FASB, PCAOB, SEC and others. The following information is related to Q1-Q4 2020 and is gathered from leading source economic publications.
This session will examine the overall 2020 economic conditions (mostly created from the pandemic). We will also review some of the most significant actions taken by the regulatory bodies such as the AICPA, SEC, PCAOB, FASB.
Note: With the impact of COVID-19 and its unprecedented implications on our personal lives and businesses, much of this update will cover actions taken by regulatory bodies related to information important to accounting professionals.
Learning Objectives
- Examine an economic update for 2020 and understand how it has impacted the profession.
- Evaluate and examine regulatory updates for SEC, FASB and the AICPA and understand how they have impacted the profession.
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Prerequisites
No advanced preparation or prerequisites are required for this course.