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Explanation and discussion of newly issued accounting pronouncements, with particular focus on those of greater impact to dealerships. Focus on auditing standards that are relevant to those working with retail dealerships, including consideration of matters critical to both audit and review engagements. These matters will also be discussed from the viewpoint of the dealership, ensuring those not in public practice can utilize the sessions materials to enhance their internal financial reporting and better interact with the public accountants they work with.
Learning Objectives:
Identify relevant accounting and auditing standards impacting dealership financial reporting
Assess key matters and industry nuances the practitioner encounters in the Dealership accounting environment
Distinguish the impact and time requirement of implementing recently released accounting and auditing standards