- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Cash, Tax, and Other Bases of Accounting - Course 1 - Other Bases of Accounting, Reporting on Special Purpose Framework Financial Statements, and Interim Engagements (OFSTG171)
Identify the general reporting considerations for the regulatory and contractual and other basis of accounting and determine how compilation and review reports are affected by these bases of accounting.
Identify the required elements of compilation and review reports, how accountants deal with compilation reports when they lack independence, when financial statements omit substantially all disclosures, or when there are material measurement departures.
Determine how accountants should use the various emphasis paragraphs in compilation and review reports.
Recognize how modifications are made to the auditor’s standard reports.
Identify how auditors report on regulatory basis financial statements as special purpose framework financial statements.
Recognize how auditors prepare personal financial statements using the various bases of accounting.
Identify unique issues in preparing interim financial statements using a special purpose framework and reporting on those statements.
Lesson 1—Other Bases of Accounting
Lesson 2—Reporting on Special Purpose Framework Financial Statements
Lesson 3—Interim Engagements