Objectives
• Identify differences between U.S. GAAP requirements and the tax return
• Recognize problems in performance and documenting of preparations, compilations, and reviews
• Apply accounting standards and appropriate disclosure
• Be able to compare and contrast tax returns and tax basis financial statements
• Know US GAAP versus tax differences and disclosure requirements
• Tax and other special purpose financial statement frameworks
• Reporting requirements for SSARS engagements
• Recent changes to GAAP that affect closely held businesses
• Frequently encountered reporting and performance issues by tax practitioners
