2025 A&A Update With Technology Implementation

After attending this presentation, you will be able to...

• Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting.
• Recall the changes made to PCC processes as a result of the 2024 PCC Review.
• Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation.
• Identify the components of quality management.
• Recall deficiencies identified by the DOL for EBP audits.Recall key projects of the Auditing Standards Board.

• The major topics that will be covered in this course include:

  • Deep dive into the Accounting Standards Updates (ASUs) effective in 2025.
  • Insights from the FAF's 2024 PCC Review.
  • Overview of FASB's Invitation to Comment
  • Agenda Consultation.
  • The essential changes in quality management standards that firms must implement by the end of 2025.
  • Common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB).