This course approaches financial statement preparation and review from the perspective of a tax practitioner. Often tax motivated clients have different needs with regard to financial statements. Topics in the program include:
• Compare and contrast tax returns and tax basis financial statements
• U.S. GAAP vs. tax differences and disclosure requirements
• Tax and other special purpose financial statement frameworks
• Reporting requirements for SSARS engagements
• Recent changes to GAAP that affect closely-held businesses
• Frequently encountered reporting and performance issues by tax practitioner
Participants will be able to:
• Identify differences between U.S. GAAP requirements and the tax return
• Recognize problems in performance and documenting of preparations,
compilations,
and reviews
• Apply accounting standard and appropriate disclosure
—
• SSARS review
• FASB Update
• SPF—measurement and reporting issues
• Preparation, compilation and review engagements
• Selected litigation issues and cases
Tax practitioners who are associated with prepared, compiled, or reviewed U.S. GAAP and/or tax basis financial statements.
None
This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.
