Approach financial statement preparation and review from the perspective of a tax practitioner. Often tax motivated clients have different needs with regard to financial statements. Topics include: Being able to compare and contrast tax returns and tax basis financial statements Knowing U.S. 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
Reporting issues for tax practitioners issuing compilation and review reports, Book vs. tax differences, Important financial statement presentation issues for tax and other special purpose, frameworks, Disclosure requirements for tax and other special purpose frameworks, Non-disclosure financial statements, Overview of recent relevant accounting standards updates
Tax practitioners who are associated with prepared, compiled, or reviewed U.S. GAAP and/or tax basis financial statements.
Participants will be able to: Identify differences between U.S. GAAP requirements and the tax return, Recognize problems in performance and documenting of preparations, compilations, and reviews, apply accounting standard and appropriate disclosure
Howard Sibelman, CPA, MBT - As the former Education Director for Crowe Horwath International, Howard provided leadership on audit methodology, the CaseWare CH International Audit Template, training initiatives and accounting and auditing technical support to the CH International members.
Immediately prior to joining CH International, Howard was a Business Assurance Partner at Moss Adams. At Moss Adams, Howard was a member of the firm’s International Services Group, IFRS Core Training Group, and Quality Control Coordinator for the Los Angeles office.
Howard serves on the CalCPA Accounting Principles and Assurance Standards Committee. Howard has extensive experience in accounting, auditing and consulting to middle-market companies.
During his 50 year career as an auditor, 30+ years as an audit partner, Howard was CPE Director for a national CPA firm, an instructor at the University of Southern California, on the faculty of two of the largest CPA review courses, and has authored and/or facilitated numerous firm, AICPA and CalCPA education programs.
Howard was also a founding member of the AICPA Employee Benefit Plans Audit Quality Center Executive Committee.
Non-Member Price $395.00
Member Price $295.00