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Courses/Accounting & Tax/Accounting

Accounting Standards Update 2024 (ASPE and ASNPO)

APSE and ASNPO Annual Accounting Update and Practice Review Insights.

Created byClearline Consulting
4.8
(20 reviews)
IntermediateUpdated Sep 29, 2024
Accounting Standards Update 2024 (ASPE and ASNPO)

What You'll Learn

check_circleUnderstand the effective dates of newly issued standards.
check_circleStay informed on the progress of ongoing projects, including contributions.
check_circleReview newly issued exposure drafts on subsequent measurement of goodwill.
check_circleIdentify key deficiencies noted in the 2023/2024 practice review cycle.
check_circleGain practical guidance on addressing common practice review deficiencies.
check_circleExplore new and upcoming standards impacting APSE and ASNPO.

About This Course

Given minimal changes in the accounting standards this year, we have combined the annual accounting update to included APSE and ASNPO.  We will reiterate the effective date for previously issued standards and review guidance provided in new exposure drafts.  For the remainder of the session, we will wrap up with highlights of the common deficiencies noted by practice review during the 2023/2024 inspection cycle, accompanied by practical guidance for application.In this session we will cover considerations related to:

  • Reminders related to the effective dates of newly issued standards
  • Update on the status of projects including Contributions
  • Brief review of newly issued exposure drafts and projects including the subsequent measurement of goodwill
  • Summary of key practice review deficiencies noted during the current inspection cycle
  • Insight into new and upcoming standards

RECORDED September 18th, 2024

 

Your Instructors

Clearline Consulting
Clearline Consulting
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star2,240 reviews

Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.

Tom  Gillespie, CPA, CA
Tom Gillespie, CPA, CA

Assurance Partner at Clearline Consulting CPA

Tom is a Partner at Clearline Consulting and Clearline CPA, with a distinguished background in audit, assurance, and professional standards. Before establishing Clearline Consulting, he was the Associate Director of Practice Review/Licensing at the Chartered Professional Accountants of British Columbia (CPABC), overseeing the practice review and licensing programs and serving as a Practice Review Officer. His role extended to offering technical advice as a Professional Standards Advisor and contributing to CPABC’s publications. Tom continues to engage in professional development and consultancy services with the provisional CPA bodies, CPA Canada and CPA firms across Canada. With over 20+ years in audit and assurance, his career began in Ontario, gaining his accounting designation while working as an external auditor in Ottawa. His experience spans a variety of industries, including not-for-profits, and international exposure in Bermuda auditing investment funds and banking organizations. At Clearline Consulting, Tom leverages his extensive experience to offer file monitoring, professional development, training, and consulting services. His work is pivotal in aiding CPA firms and practitioners to excel and cultivate prosperous practices.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.8
Student's Choice
20 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.