This update provides an overview of the most significant pronouncements, standards and advisories that have resulted from actions of regulatory bodies. We focus on the most significant issues that impacted the economy, accounting and auditing profession in Q4 of 2022 as well as trending areas important to the accounting profession. We also review statistics related to the economy and how it impacts the accounting professions.

These updates are provided by Illumeo as a benefit to professionals to help understand some of the most prevalent issues that may need to be focused on in the coming months. Information for this presentation is taken from leading practice publications and does not reflect the opinion of Illumeo or the speaker.

Course Key Concepts: Accounting update, Technical accounting update, Q3 Accounting update.

Learning Objectives
  • Explore and overview of the status of the economy as of end of Q4 2022.
  • Identify and evaluate the economic uncertainty impact on accounting.
  • Explore and examine FASB Q4 activities.
  • Discover and examine SEC Q4 activities.
  • Identify and examine PCAOB Q4 activities.
Last updated/reviewed: August 7, 2023
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to 2023 Technical Accounting Update and Forward Outlook3:23
  Economic Overview12:39
  Challenges Faced by Accounting Profession9:32
  PCAOB Update4:16
  Other Updates2:02
  2023 Year End Technical Accounting Update and Forward Outlook47:36
  Slides: 2022 Economic and Accounting Review and 2023 OutlookPDF
  2022 Economic and Accounting Review and 2023 Outlook Glossary/IndexPDF
  Review Questionsquiz