Strategies to help reviewers catch errors in partnership and LLC tax returns before they are submitted.
Learning Objectives
- Learning Outcomes
- Recall AICPA ethics rules and interpretations on integrity, objectivity, confidentiality, advertising, and accounting principles.
- Recognize valuation engagement development considerations.
- Recall basic valuation techniques and inputs to valuation techniques.
- Identify similarities and differences between current expected credit losses (CECL) and expected credit losses (ECL).
- Identify key concepts of professional skepticism to the audit of financial instruments.
- Identify conflicts of interests that may exist among various stakeholder groups.
- Recall the requirements to achieve a well-functioning financial system by identifying select efficiency requirements.
- Identify the purpose of regulation and analyze the different regulatory tools used to impose policy on an industry.
