2006 GAAP Update
Both the FASB and the Auditing Standards Board (ASB) have been quite active during the past year. First, the ASB has issued nine new Statements on Auditing Standards that are designed to advance and align the audit risk model. Those new statements will result in many changes in the manner in which financial statement audits in conformity with GAAS are conducted.
Also, the FASB has issued important new or amended statements on stock-based accounting measurements, accounting for non-monetary transactions, accounting for inventory costs, and accounting for changes in accounting principles. This event is targeted to experienced professionals who need a solid annual update on what is new in GAAP and GAAS.
View the full details of the 2006 GAAP Update [PDF 34 KB]