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A&A for the Tax Practitioner (4091036E)

 
REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

California requires 24 hours of A&A education for all CPAs in public practice--even if most of their work is tax practice. For many tax practitioners, financial statements are only a by-product of the tax work. The tax practice is so time-consuming that there is little time left to do GAAP research or to stay current on the latest developments in the accounting literature.

This practical update is designed for the tax practitioner who also prepares financial statements. From nondisclosure compilations to reviews and full disclosure compilations, this course will give you authoritative guidance, including common presentation and disclosure issues, that will allow you to prepare financial statements your clients find valuable.



Date:Tuesday, November 10, 2009
Time:8:30 AM - 4:30 PM (Registration at 7:30 AM)
Facility:Red Lion Hotel Redding, Redding
Area:Redding
CPE Credit:8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
NASBA Subject Area:Accounting
Delivery:Group Live
Course Level:Update
Fee:$315 CalCPA Members, $415 Nonmembers
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Understand technical requirements of GAAP and OCBOA.
  • Refresh your knowledge of common practice topics.
  • Understand your responsibility for fraud.
  • Understand the new peer review standards.
  • Learn how to fit A&A standards to your client needs.


  • Major Topics:
  • A quick update of current accounting literature
  • A review of current legislation and its effect on practice
  • Recent FASB and AICPA developments
  • Changes in AICPA independence standards
  • How to write the correct compilation report
  • OCBOA financial statements: cash and tax basis
  • Review of some common and unusual accounting topics
  • Financial statement presentation and disclosure topics
  • Work standards and practical suggestions for workpapers
  • How to make peer review more useful
  • Alternative ways to format financial statements
  • What the standards require you to know about fraud
  • How FIN 48-Uncertain Tax Positions may affect your compilation engagements
  • If your clients have related party transactions, does FIN 46 require your to consolidate entities?


  • Designed for:
    Tax professionals, including sole practitioners, partners and staff who do limited work with financial statements.

    Prerequisite:
    None

    Advanced Preparation:
    None


     
     
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