See Credit Details Below
CPE credit (NASBA QAS Self-Study) is available by completing and passing the program’s CPE Review & Exam.
Upon the successful completion of this program, the participant will be able to:
- List the significant new and developing issues affecting preparation and review of Form 10-K this year-end.
- Recall the on-going reporting challenges that have affected preparation and review of
Form 10-K over the last several years and those that continue to affect the current year.
- Enumerate the current SEC staff focus areas related to Form 10-K.
This program will focus on:
- Getting cybersecurity disclosures, including business email compromise risks, right!
- What should you disclose about Brexit?
- Details of the changes to your Form 10-K required by the SEC’s Disclosure Update and Simplification Final Rule.
- Critical accounting estimates and their relationship to critical audit matters in the auditor’s report.
- SEC focus on new accounting standards disclosures.
- SEC staff focus areas for 2017 Form 10-Ks.
- Example disclosures in key areas such as known trends.
- Accounting watch areas:
- Fine tuning revenue recognition disclosures
- SAB 74 disclosures for lease accounting
- CECL—Will it have an impact on A/R and other financial assets?
- Costs in cloud computing arrangements
- Opportunities in the new hedge accounting model
- Frequent SEC comment areas, including non-GAAP measures.
- Recent enforcement actions.
- A brief review of some “old favorite” areas:
- Impairment issues
- Foreign exchange issues
- Commodity price issues
- Fair value in business combinations and other areas
CPE Program Level: Update
Intended Audience: Attorneys and accountants who deal with SEC reporting and disclosure and related accounting issues, including in-house counsel, outside attorneys, CFOs, controllers and their staff, internal auditors, and partners of public accounting firms and their staff.
Advanced Preparation: None
Instructional Method: QAS Self-Study
Updated: May 2019
Credit Information: 1 CPE credit is available upon completion of this program’s 3 content-review questions and a minimum passing score of 70% on the 5-question final exam.