ACPEN Signature: 2022 Special Purpose Frameworks: The Artist Formerly Known as "OCBOA"

This course is designed to assist accountants who prepare special purpose framework financial statements and/or perform SSARS or audit engagements on those special purpose framework financial statements. Our panelists will provide an in-depth explanation of the different types of special purpose frameworks, how to decide when to use a special purpose framework, the primary issues in preparing special purpose framework financial statements, and they will discuss engagement and reporting considerations.

Learning Objectives

Understand the different types of special purpose frameworks.
Learn how to decide when to use a special purpose framework.
Understand the primary issues when preparing special purpose framework financial statements.
Understand SSARS engagement and audit engagement considerations that are specific to special purpose frameworks and different from GAAP.

Major Topics

Cash Basis
Tax Basis
Regulatory Basis, Contractual Basis, and the AICPA’s Financial Reporting Framework for Small and Medium-Sized Entities

CPE Credits Available

8 CPE

8: Accounting & Auditing

Things to Know About This Course

Course Level

Update

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPAs in Public Practice and Industry

Provider

ACPEN