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Understanding Changes in US GAAP and How Misstatements Could be Concealed

 Understanding Changes in US GAAP and How Misstatements Could be Concealed
CPE Credit

Program Type: Recorded Webinar (Audio, PPT)
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of the subject matter.
Advanced Preparation: A basic understanding of financial statements is necessary to fully absorb, however, those with only limited experience will be able to gain from the presentation.
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Item Number: 17PBV0630
Shipping Weight: 0lbs. 0oz.
Price: $110.00
Program Description

Auditors, attorneys, bankers, consultants and other users of financial statements, should understand how the selection of accounting policies and changes in US GAAP can be used to conceal misstatements and used to perpetuate various frauds. This presentation will work to show the opportunities for misstatement and provide a basis for understanding so as to be able to proactively prevent and detect such misstatements.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify potential misstatements in financial statements or financial information being used to conceal and deceive

Who Should Attend

Attorneys, bankers, CEOs, CFOs, consultants and those who use financial statements and financial information


Steven Morrison, MBAF, CPA
Mr. Steven Morrison, CPA, is a principal in the audit department at MBAF and works with both public and private companies in various industries including those with international operations.

Mr. Morrison is active in the planning and execution of audit engagements bringing experience in a variety of industries including automotive dealerships, freight forwarding/mail courier, retail, and wholesale/distribution. Mr. Morrison also addresses specific issues for companies in a variety of other industries and has experience in effectively communicating simple and complex technical matters to all levels of personnel at his clients. His responsibilities also include advising engagement teams on accounting and auditing matters. He also works on projects with the firm’s risk advisory practice, primarily as it relates to technical accounting consultations.

He is a member of the AICPA’s Auditing Standards Board (ASB), a senior committee for auditing, attestation and quality control applicable to the performance and issuance of audit and attestation reports for non-issuers. The board’s responsibilities include developing, updating, and communicating comprehensive standards and practice guidance that enable practitioners to provide high-quality objective audit and attestation services in an effective and efficient manner. The board promulgates Statements on Auditing Standards, Statements on Standards for Attestation Engagements, and Statements on Quality Control Standards. Previously, he was a member and chair of the Florida Institute of CPAs Accounting Principles and Auditing Standards Committee which develops responses to exposure drafts of various authoritative accounting and auditing bodies such as the AICPA, FASB, and PCAOB. Also, he was previously a member of the AICPA National Advanced Accounting and Auditing Technical Symposium (NAAATS) Steering Committee.