After completing this course, the learner should be able to:
- Discuss the most significant differences between the most common special purpose frameworks (e.g., modified cash‐basis, income tax‐basis) and U.S. GAAP.
- Discuss important considerations when deciding on a basis of accounting under which to prepare financial statements.
- Explain how audit and other attest reports should be modified when engaged to issue a report on financial statements prepared using a comprehensive basis of accounting other than GAAP.
Jennifer F. Louis, CPA, has over 25 years of experience in designing and instructing high quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc. Jennifer started her career in Audit for Deloitte & Touche LLP. Jennifer graduated summa cum laude from Marymount University with a B.B.A.-Accounting.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823