The rate of change in today's regulatory environment can make it challenging to stay current on the topics affecting the accounting profession. Keep abreast of the fast-paced changes in accounting and auditing in this comprehensive book that provides information critical to an accountant's success. This book covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, and compilation, preparation, and review arenas. This book covers important topics such as revenue recognition, leases, financial instruments, as well as intangible assets, consolidation, and statement of cash flows. The authors sort through the complexities and help identify and apply recently issued FASB, PCAOB, and ASB standards and guidance. This book will prepare the accountant to do the following: Understand recently issued FASB standards and guidance. Assess the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services. Become familiar with exposure drafts and other projects in accounting, auditing, compilation, preparation, and review services.

Author Biography

Kurt G. Oestriecher, CPA, is partner in charge of accounting and auditing services at Oestriecher & Company. He has also served as an Adjunct Instructor of Accounting at Louisiana State University at Alexandria and Northwestern State University. In addition, he functions in many capacities for the Louisiana Society of CPAs on its board and varying committees, is Past President of the LCPA and past President of the Central Louisiana Chapter of Society of Louisiana CPAs, and the current chair of the LCPA Professional Ethics Committee. He is a member of the AICPA and has served on the Accounting and Review Services Committee, which issues the Statements on Standards for Accounting and Review Services. He also served a six year term on the AICPA Joint Trial Board, and recently completed a three year term on AICPA Council Mark Beasley, PhD, CPA, is the Deloitte Professor of Enterprise Risk Management and Director of North Carolina State's Enterprise Risk Management (ERM) Initiative, which provides thought leadership about ERM practices and its integration with strategy and corporate governance. He is a frequent speaker at national and international conferences and works with boards of directors and senior executives on risk oversight issues. Beasley has authored over 80 research articles and business publications and he is the author of a leading auditing textbook.