- NY Credits : 4.0
- TX Credits : 4.0
This course provides the tax professional with an overview of GAAP and the GAAP standard setting bodies. Also, it provides an introduction to Compilations and Reviews, including the requirements of AR-C 80 and AR-C 90. This basic level course is most beneficial to professionals new to GAAP who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify key standard setting bodies and elements of GAAP, the Codification, and basic financial statements,
recognize the procedures an accountant should perform as part of a compilation engagement and professional requirements that must be met,
identify the procedures an accountant should perform as part of a review engagement and professional requirements that must be met, and
determine practice issues and the basic provisions of the quality control and peer review standards for compilation and review engagements.