Companion to PPC's Guide to Cash, Tax, and Other Bases of Accounting - Course 2 - Reporting on Special Purpose Framework Financial Statements and Special Entities (OFSTG212)  

Identify the required elements of compilation and review reports, how lack of independence affects reporting, financial statements that omit substantially all disclosures, material measurement departures, and using various emphasis paragraphs.

Recognize how modifications are made to the auditor's standard reports.

Identify other reporting situations, such as reporting on regulatory and contractual basis financial statements, use of Form 990 and prescribed forms, and preparing personal financial statements using various bases of accounting.

Determine how the use of a special purpose framework could affect the financial statements of a nonprofit organization.

Identify considerations for estates and trusts using special purpose framework financial statements.

Recognize how financial statements may be affected when using a special purpose framework.