Wiley CPAexcel january 2017 update

Wiley CPAexcel® Summary of January 2017 Content Updates Wiley CPAexcel® January 2017 Content Updates January 1, 2017 Dear Candidates and Partners, The AICPA launches the “next” CPA Exam on April 1, 2017 But, what’s new on January 1st? Not much, really This document provides a summary of what has changed There are a few pronouncements that are eligible for testing for the first time in January 2017 and mostly impact Financial Accounting and Reporting All Wiley CPAexcel content updates align with the AICPA Content Specification Outlines (CSOs) for testing effective January 1, 2017, and have already been integrated into your online course There is no action required on your part Remember, we are your Partner Until You Pass with unlimited content and courseware updates until you pass the full exam Contact us at anytime if you have questions or would like a guided walk-through of the updated course Best wishes and happy New Year! To your success, The Team at Wiley CPAexcel Need to access your updated products? Log in Committed to passing the exam in 2017? Shop Products efficientlearning.com/cpa Want to take a free test drive? Free Trial Page Wiley CPAexcel® January 2017 Content Updates AUD | Auditing and Attestation AICPA CSO Changes: None Pronouncement Changes: SAS No 130 and No 131 eligible for testing January 1, 2017 Wiley Changes  Statement on Auditing Standards No 130, “An Audit of Internal Control Over Financial Reporting That Is Integrated With an Audit of Financial Statements.” SAS No 130 will be eligible for testing on the CPA Exam in January, 2017 Candidates testing in 2017 will be responsible for being familiar with SAS No 130 The Wiley CPAexcel materials included coverage of SAS No 130  Statement on Auditing Standards No 131, “Amendment to Statement on Auditing Standards No 122 Section 700, Forming an Opinion and Reporting on Financial Statements.” This pronouncement addresses a somewhat technical issue that is relevant to an audit that is conducted in accordance with the standards of the PCAOB when the audit is not actually under the jurisdiction of the PCAOB Such a circumstance involves changing the language used (in a rather minor way) in the auditor’s report The study materials dealing with the introduction of the auditor’s reporting language (for audits of nonissuers) shows how the auditor’s report would be changed to address such a circumstance BEC | Business Environment and Concepts AICPA CSO Changes: None Pronouncement Changes: None Need to access your updated products? Log in Committed to passing the exam in 2017? Shop Products efficientlearning.com/cpa Want to take a free test drive? Free Trial Page Wiley CPAexcel® January 2017 Content Updates FAR | Financial Accounting and Reporting AICPA CSO Changes: None Pronouncement Changes: * Eligible for testing in January 2017 FASB ASU 2015-11 FASB ASU 2016-7 FASB ASU 2015-17 FASB ASU 2016-9 FASB ASU 2016-5 GASB Statement No 80 FASB ASU 2016-6 * Not all pronouncements will impact a "newly-licensed" CPA and are, therefore, not likely tested Wiley Changes Financial Accounting  FASB ASU 2015-11 | Simplifying the measurement of Inventory: Use of LC-NRV Not-for-Profit Organizations: No substantive changes Governmental Organizations  FASB ASU 2015-17 | Classification of deferred taxes  GASB Statement No 80, “Blending Requirements for Certain Component Units”  FASB ASU 2016 05 and 06 | Derivatives and Hedging  FASB ASU 2016-7 | Transition to equity method  FASB ASU 2016-09 | Compensation - Stock Compensation REG | Regulation AICPA CSO Changes: None Pronouncement Changes: Eligible for testing in January 2017 Removal of Dodd-Frank content Need to access your updated products? Log in Committed to passing the exam in 2017? Shop Products efficientlearning.com/cpa Want to take a free test drive? Free Trial Page .. .Wiley CPAexcel January 2017 Content Updates January 1, 2017 Dear Candidates and Partners, The AICPA launches the “next” CPA Exam on April 1, 2017 But, what’s new on January 1st?... Page Wiley CPAexcel January 2017 Content Updates AUD | Auditing and Attestation AICPA CSO Changes: None Pronouncement Changes: SAS No 130 and No 131 eligible for testing January 1, 2017 Wiley. .. your updated products? Log in Committed to passing the exam in 2017? Shop Products efficientlearning.com/cpa Want to take a free test drive? Free Trial Page Wiley CPAexcel January 2017 Content Updates