Accounting Update 2027

Recall the requirements of recently issued generally accepted auditing standards related to auditing estimates, audit evidence, risk assessment, and more., Choose the primary objective of evolving guidance for quality management systems and other professional standards., Recognize the the impact of recent SSARSs on the preparation of financial statements, compilations, and review engagements., Identify recently issued SSAEs for attestation engagements., Discuss recent changes to accounting and financial reporting under U.S. GAAP for both public and nonpublic entities., Describe the practical impact of more significant changes, such as leases., Explain practical expedients and accounting policy alternatives that may be elected when implementing the changing standards.