Many entities prepare their financial statements using non-GAAP frameworks, such as tax and cash basis. Participants who attend this course will learn the unique reporting and disclosure requirements when preparing non-GAAP (special purpose frameworks or Other Comprehensive Basis of Accounting – OCBOA) financial statements.
DESIGNED FOR
This course is designed to assist external and internal accountants, accountants in industry, educators, and those learners who want or need to understand financial statements prepared in accordance with non-GAAP frameworks (special purpose framework or OCBOA).
BENEFITS
- Recognize the different types of special purpose frameworks (SPF).
- Identify the key differences between GAAP and SPF financial statements.
- Recall frequently identified peer review matters involving SPFs as described in the most recent AICPA’s Peer Review Oversight Report.
- Recognize the impact SPFs have on engagements performed in accordance with the AICPA’s auditing and SSARSs standards.
- Recall the unique SPF reporting and disclosure requirements and avoid common errors.
HIGHLIGHTS
- Learn about the unique reporting and disclosure requirements for financial statements prepared in accordance with non-GAAP frameworks (special purpose frameworks or OCBOA).
PREREQUISITES
None
ADVANCE PREPARATION
None