CPE & Events Catalog
INCPAS On-Demand: 2025 CPA Trends Forum Session - INCPAS A&A Update
Stay informed and prepared with this comprehensive annual update on the latest developments in accounting and auditing. We'll begin with a deep dive into the Accounting Standards Updates (ASUs) effective in 2025, followed by an overview of FASB's Invitation to Comment - Agenda Consultation, which will shape the future of accounting standards. On the auditing side, we'll tackle the essential changes in quality management standards that firms must implement by the end of 2025. The session will also provide a peek at upcoming projects from the Auditing Standards Board (ASB). Join us to gain practical insights and actionable takeaways to navigate these updates with confidence.
Learning Objectives
Upon completing this course, a learner will be able to:
- Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting
- Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation
- Identify the components of quality management
- Recall key projects of the Auditing Standards Board
Highlights
- 2025 Accounting Standards Updates (ASUs) Deep Dive - Gain practical insights into the ASUs effective in 2025, including key changes in business combinations, joint ventures, and crypto asset accounting, and how they impact financial reporting.
- FASB’s Agenda Consultation and Future Standards - Explore the FASB’s Invitation to Comment (ITC) and learn about potential future topics and projects that may shape the direction of accounting standards.
- Essential Auditing Quality Management Changes - Understand the new quality management standards (SQMS 1, 2, 3) that firms must implement by the end of 2025, including risk-based approaches, leadership responsibilities, and proactive monitoring.
Event Level: Overview
Field of Study: Accounting and Auditing
Advanced Prep
None
Who Should Attend
CPAs and accounting professionals in public practice or industry, Audit firm partners, managers, and staff responsible for compliance and quality management, Financial statement preparers and reviewers, Anyone seeking to stay current on accounting
Required Knowledge
None
