Fall 2025 Accounting & Auditing Update
Stay ahead of the latest accounting and auditing developments with our Fall Audit & Accounting Update. The Financial Accounting Standards Board (FASB) continues to refine financial reporting by issuing new Accounting Standards Updates (ASUs) each year. Keeping up with these changes is essential to ensure compliance with Generally Accepted Accounting Principles (GAAP).
Our Fall 2025 Accounting & Auditing Update covers ASUs effective for 2025 financial statements and beyond, including key updates on crypto assets, joint venture guidance, and updates to the credit loss standard. Additionally, we’ll explore accounting implications in the current economic environment and other emerging accounting issues. We’ll also cover hot topics related to ethics and changes to audit, review, and attestation standards. Join us to stay informed and prepared for the evolving financial reporting landscape.
Note: Our Fall Accounting & Auditing Update will cover similar content to the spring session, presented in a different format. You are only eligible to receive CPE credit for attending one A&A Update series per year, either the Spring or Fall, but not both.
Cost to Attend
$125
Date & Time
Thursday, October 23, 2025
Wednesday, November 5, 2025
10 a.m. - 1 p.m. CT | 8 - 11 a.m. PT
Contact
Session One: Thursday, October 23, 2025
10 a.m. - 1 p.m. CT | 8 - 11 a.m. PT
This course provides a comprehensive overview of newly issued Accounting Standards Updates (ASUs), including guidance, updates, and implementation insights on income taxes, joint venture formations, crypto assets, and disclosure requirements. We will also discuss the impact of the update to the credit loss standard that impacts accounts receivable and contract assets. In addition, we will cover current Financial Accounting Standards Board (FASB) projects and consider the potential effects of those changes. Finally, we will analyze recent economic trends and their impact on financial reporting and accounting practices.
Learning Objectives
- Identify and explain key provisions of newly issued ASUs.
- Analyze the impact of recent economic trends to evaluate potential effects on financial reporting.
- Assess the impact of the updated credit loss standard on accounts receivable and contract assets.
CPE Information
- CPE Credits: 3
- Fields of Study: Accounting
- Level of Knowledge: Overview
- Delivery Method: Group-Internet Based
Presenters
- Scot Phillips
- John Hansen
- David Peaden
- Torey Stallsmith
Session Two: Wednesday, November 5, 2025
10 a.m. - 1 p.m. CT | 8 - 11 a.m. PT
This program will provide an overview of key developments affecting financial reporting, professional ethics, and assurance services. Topics covered will include:
- Common Issues in Financial Reporting: Review of common financial statement errors and how to address those in your financial reporting.
- Ethics & Independence Hot Topics: Key updates and considerations related to professional ethics and independence rules for CPAs in both business and public practice.
- Audit, Review, & Attestation Standards: A summary of recent changes to audit, review, and attestation standards, highlighting key considerations for practitioners.
- Other Emerging Issues: Discussion on the impact of artificial intelligence and cybersecurity on financial reporting and other emerging issues.
Learning Objectives
- Identify key updates from the Financial Accounting Standards Board (FASB).
- Analyze the impact of these changes on standard accounting practices.
- Summarize strategies to implement necessary process adjustments.
- Explain updates to audit, review, and attestation standards.
- Discuss key ethical considerations and compliance requirements.
CPE Information
- CPE Credits: 3
- Fields of Study: 1 Regulatory Ethics, 2 Auditing
- Level of Knowledge: Overview
- Delivery Method: Group-Internet Based
Presenters
- Scot Phillips
- David Peaden
- Kristin O’Connor
- Sara Kurtz
Meet the Speakers
Scot Phillips, CPA, Partner/Audit & Assurance Practice Leader
Scot joined the firm in 2002 and is a highly experienced public accountant, serving privately held companies and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information, and assistance with acquisitions. Scot is a recognized leader in his field and community, participating in many local business and professional associations.
John Hansen, CPA, National Assurance Senior Manager
John has over 15 years of accounting experience, including 10 years in public accounting. John has served privately held companies in a variety of commercial industries, including manufacturing and distribution, dealerships, equipment rental, and others. In his primary role as a member of Eide Bailly’s National Assurance Office, he is involved in providing quality control, technical accounting assistance, accounting and auditing resources, training, and support to Eide Bailly’s assurance practice.
David Peaden, CPA, National Assurance Partner
David has over fourteen years of public accounting experience providing audit, accounting, and consulting services to our commercial, healthcare, and government clients. David is also a member of the National Assurance Office and assists with quality control review, consultations on technical matters, training and development, and communication and implementation of new accounting standards.
Torey Stallsmith, CPA, CFE, National Assurance Senior Manager
Torey joined the firm in 2017 and is experienced in providing assurance services to a variety of clients including manufacturers and distributors, employee benefit plans, and other commercial entities. Torey also supports the firm’s assurance teams in implementing new standards and researching technical accounting matters.
Kristin O’Connor, CPA, National Assurance Senior Manager
Kristin joined the firm in 2012. She plans, performs, and supervises financial statement and compliance audits. As a member of the National Assurance Office, Kristin spends time researching emerging accounting topics, performing quality control reviews, and assisting with training and development.
Sara Kurtz, CPA, National Assurance Partner
Sara has more than 20 years of audit experience and has worked with the government industry throughout her career. She provides technical and accounting expertise for governmental clients who must understand the professional accounting standards they must adhere to in order to issue General Accepted Accounting Principles (GAAP) financial statements as well as single audit requirements. Sara is a firm resource for staff training, is responsible for the firm's independence policies, and plays a critical role in evaluating potential conflicts of interest, managing independence risks, and providing guidance on complex independence matters.
Additional Information
These are Group-Internet Based Webinars. No prerequisites or advanced preparation required. CPE credit will only be granted to those that attend the live webinar.
CPE credit will not be available for watching the recording.
For information regarding a complaint and/or program cancellation policies, please contact Laura Schons.
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