Tax Preparers’ Accounting and Reporting Update (TPAU)

Pre-requistes:

Experience in financial accounting and reporting

Knowledge Level:

Update

Major Topics:

• Recently issued Statements on Auditing Standards and other audit-related hot topics
• Tax basis financial statements
• Proposed updates to income tax accounting and financial statement disclosures
• Recent standard setting and consulting activities at the FASB

Learning Objectives:

• Understand updates to ASC 842 and ASC 326
• Identify financial statement presentation and disclosure requirements under ASC 740
• Remember significant standards issued by the AICPA
• Recognize recently issued Accounting Standards Updates (ASUs)
• Recall recent legislation with income tax implications

Designed For:

All tax practitioners desiring to remain up to date on recent accounting, reporting, and compilation and review activities