Practical Insights for Today’s Accounting Professional

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Description

Practical Insights for Today’s Accounting Professional

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CPAs operating in today’s business climate are weathering a storm of major updates in professional standards. This course will provide useful tools, practical applications and strategies to implement in your accounting practice. We will cut through complicated jargon of professional standards to reveal plan-English insights. We will first tackle the topic of ethics and explore practical new insights from the AICPA’s Code of Professional Conduct. We will then focus on tools to enhance your audit and review engagements using analytical procedure applications and data analysis tools. Then to wrap up the day, we will apply accounting and auditing concepts with a technical review challenge case study where you become the concurring reviewer for a financial statement engagement.

Basic Course Information

Learning Objectives

Upon completion of this course, you will be able to:

  • Understand real-world ethical insights from the AICPA’s Code of Professional Conduct Design, implement, and understand the AICPA’s guidance for utilizing analytical procedures for professional engagements
  • Better understand how to use data analytics in public accounting engagements
  • Apply new insights into financial statement engagements


 Major Subjects

  • AICPA Code of Professional Conduct Discussion of analytical procedures in audit and review engagements, with practical examples
  • The order of operations for accomplishing analytical procedures
  • Exploration of new tools and client engagement techniques using data analytics
  • Introduction of popular software tools
  • Examination of the AICPA’s five-step approach for data analytics    

 

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Practical Insights for Today’s Accounting Professional

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