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February 04, 2020
10:00AM - 4:00PM ET


Accounting (4), Auditing (2)
Basic education in accounting

Course Description

You don't want to miss 'Rocket' Rod Redding's presentation of accounting and auditing changes that have occurred during late 2019 and 2020. Rod consistently receives positive comments, including 'Makes a dry topic interesting and relevant,' and 'Never thought I'd look forward to an A&A update, but I do Rod's!'. Rod goes through changes issued by FASB, GASB, the PCAOB, and the AICPA, presenting interesting observations about the standards and leaving everyone glad they attended the course. Course topics will be updated on an ongoing basis.

Highlights include:

  • Review of FASB's and GASB's Accounting Standards Updates (ASU) issued in 2019 and 2020
  • Update on the current FASB and GASB projects
  • A look at non-GAAP reporting issues
  • Private company financial reporting
  • Auditing Standards Board and Public Company Accounting Oversight Board-issued guidance
  • New standards from the PCAOB for auditors of public companies and the AICPA for audits, compilations, and reviews
  • Other bits and pieces from around the accounting profession


Rod Redding, Inactive CPA

Dr. Rod Redding received his PhD from Penn State University after working with Price Waterhouse and IBM. Presently, he presents seminars and webcasts and prepares self-study courses for Western CPE. He has over 30 years' experience as a professor at universities such as the University of North Carolina, the University of Utah, Georgetown University, and Gettysburg College. He also has taught internationally at Kenyatta University in Kenya and the American University of Sharjah in the United Arab Emirates. Three different universities have given Dr. Redding awards for excellence in teaching. Dr. Redding holds a CPA certificate but has elected inactive status.

Dr. Redding’s intellectual contributions are in the fields of financial reporting and auditing. He is the coauthor of the book The FASB: The People, The Process, and The Politics. He has written financial accounting articles on topics such pensions, leases, and capitalization of interest, as well as a number of articles on teaching effectiveness. Each year he publishes The World’s Liveliest Accounting Update, which is a financial accounting, auditing, attestation, compilation, and review update. As indicated by the title, this is an exceptionally energetic and engaging presentation. He is known as one of the country’s most dynamic financial and auditing CPE seminar leaders.

Course Specifics

Accounting , Auditing
Jan 2, 2020
Basic education in accounting

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Describe the key accounting changes prescribed in FASB's 2019 and 2020 Accounting Standards
  • Identify which of the ASUs are applicable to non-SEC entities (non-issuer) and which ASUs are SEC-related, which are from the Emerging Issues Task Force or the Private Company Council
  • Discuss the controversy surrounding non-GAAP reporting
  • List and briefly describe the projects underway that might affect the financial reporting of non-public entities (non-issuer, non-SEC)
  • Identify projects in progress at the FASB and GASB
  • Cite changes in auditing, compilation, and review guidance for private and public companies

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