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Each year accountants and auditors must implement numerous updates to accounting standards/ requirements outlined by the AICPA, FASB, COSO, PCAOB, SEC and others. The quarterly updates provided by Illumeo.com will provide an overview of the most significant pronouncements, standards and advisories that have resulted from actions of these bodies. The following information related to Q1-Q3 2020 activity has been gathered from leading source economic publications.

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.

The information is in no way reflective of any political or personal views by the speaker or Illumeo.com. Information is provided as an insight to the risks that companies must be aware of. The quarterly updates provide an overview of the most significant pronouncements, standards and advisories that have resulted from actions of these bodies.

Learning Objectives

  • Explore Economic update and COVID impacts.
  • Recognize Recent FASB updates and COVID considerations.
  • Discover SEC activities and COVID considerations.
  • Explore AICPA update.
  • Explore Emergency Aid Package overview.
  • Explore Cybersecurity update.
Last updated/reviewed: October 17, 2020

2 Reviews (6 ratings)Reviews

4
Member's Profile
This was a very interesting overview of the 3rd quarter of 2020, taking into account the effects of COVID-19 on the accounting governing bodies as well as corporations.
4
Anonymous Author
I enjoyed the course and found it really informative

Prerequisites

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:06Introduction to Q3 2020 Technical Accounting Update
  12:11Economic Update
  7:26Economic Update Continued
  5:54FASB Update
  11:17SEC Update
  15:42AICPA
  8:39Emergency Aid Package
  4:59Cyber Security and Summary
CONTINUOUS PLAY
  1:09:14Q3 2020 Technical Accounting Update
SUPPORTING MATERIAL
  PDFSlides: Q3 2020 Technical Accounting Update
  PDFQ3 2020 Technical Accounting Update Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM