November 2, 2023

Live Webcast

8 CPE

Accounting and Auditing Update for Small Businesses

November 2, 2023
Live Webcast
8 CPE

Accounting and Auditing Update for Small Businesses

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    Instructor

    Tony
    Cuozzo

    View Bio

    Tony Cuozzo Jr., CGFM

    Bio

    Anthony A. Cuozzo, Jr., CPA, is a Senior Advisor to Councilor, Buchanan & Mitchell (CBM) and has over 40 years of experience serving the not-for-profit community, including 501(c)(3) and (c)(6) organizations. Tony is a nationally recognized author and discussion leader for various accounting and auditing courses for CPA firms and state CPA organizations. These teaching assignments keep him abreast of new developments in the accounting profession as well as in business.

    Tony is a member and former chair of Coastal Peer Review, an entity formed January 1, 2021 by the Maryland Association of CPAs and the North Carolina Society of CPAs to administer peer reviews of CPA firms in Maryland and North Carolina. Prior to the creation of Coastal Peer Review and as then Chair of the Maryland Association of CPAs Peer Review Committee, he testified annually before the Maryland State Board of Public Accountancy about the effectiveness of the AICPA peer review program then administered in Maryland by the Maryland Association of CPAs.

    Professional Qualifications and Education

    • Certified Public Accountant (CPA), Maryland
    • Accounting Graduate, Strayer University

    Professional Associations and Activities

    Awards & Recognition

    • Recognized by the Maryland State Legislature in 2012 for outstanding service to the intellectually, developmentally and/or physically disabled citizens of the State of Maryland who lack the resources to provide for basic dental health care
    • Recipient of the 2019 Max Teichmann Chair’s Award by the Maryland Association of CPAs for his exceptional service and dedication to the Peer Review Program through his work on the MACPA’s Peer Review Committee

Geared toward practitioners who provide accounting and auditing services to
small businesses, this course updates you on the new accounting, auditing,
compilation, preparation, and review standards, and other professional guidance
that impact small businesses and their auditors. Materials include practical
applications of the topics covered to help you understand and apply the standards
to real-life scenarios. With the rate of change in today’s regulatory environment,
you must stay current on the topics impacting the profession. Your clients are
counting on you!

Learning Objectives

• Identify recently issued FASB, ASB, and ARSC guidance and standards
that impact small businesses.

• Identify key concepts related to exposure drafts and other projects in
accounting and auditing.

• Recognize small business audits: who needs them and why.

Major Topics

• Accounting standards updates, including an update on leases,
financial instruments, and revenue recognition

• Latest activity from FASB, ASB, and ARSC

• An update on audit and attest standards

• Private company financial reporting

• Types of small business audits

CPE Credits Available

8 CPE
4
Accounting
4
Auditing

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting and Auditing; Accounting & Auditing

Prerequisites

Previous auditing and
accounting experience

Advanced Preparation

None

Intended Audience

CPAs who require a review of
recent accounting and auditing
pronouncements

Provider

AICPA

This event has ended.