Professional Accounting and Reporting

Students undertake research related to the current professional accounting and reporting topic using https://pcaobus.org/standards and other resources and present the results using Zoom Accounts and PowerPoint slides. All group members are to participate in the research effort and peer group evaluations of group members are performed at the end of the Semester. The topic for the group presentation is for you to write a comment letter to the PCAOB addressing Docket 043: Proposed Auditing Standard for Auditing Accounting Estimates, Including Fair Value Measurements. It has become effective but you should pretend that it is not yet effective and prepare a comment letter. There are actual comment letters you can view on the PCAOB website. For the presentation, you should role play that you are CPAs explaining the new rule to a client. Remember, you should record the presentation as a videoconference using your zoom accounts.

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