Description: Learn about the new 2012 accounting and auditing professional standards and review selected standards from 2011. Participants will have the opportunity to ask questions they need answers to.

• FASB Update (includes Accounting Standards Codification and selected new pronouncements) 
• IASB and International Financial Reporting Standards status
• Audit Update (includes update on Clarity Project and new SASs released from the Clarity Project including areas of documentation and plans for the move to International Auditing Standards) 
• IAASB and International Audit Standards status SSARS Update (includes SSARS 19, new engagement letters, and review representation letters specified in SSARS 15-19, new Interpretations and an update on the international compilation and review standards.)
• SSARS Update (includes SSARS 19, new engagement letters, and review representation letters specified in SSARS 15-19, new Interpretations and an update on the international compilation and review standards.)
• Further updates include:
  • updates for new Quality Control Standards (SQCS 7) and its requirements; 
  • updates on status of Mobility issues combined with Substantial Equivalency; 
  • updates on status of Peer Review and related regulatory problems; 
  • and updates on changes in Florida Statutes and Florida Administrative Code for CPAs 
• Ethics Interpretation 101-3 will be explored for revisions and updates in attest/nonattest applications
• Documentation standards will be reviewed for changes required by SAS 103, Audit Documentation, SSARS 19 Documentation, and other required documentation.