Learn about the unique reporting and disclosure requirements for financial statements prepared in accordance with non-GAAP frameworks (special purpose frameworks or OCBOA).
Learning Objectives
- Upon completion of this course, you will be able to:
- Recognize the different types of special purpose frameworks (SPF).
- Identify the key differences between GAAP and SPF financial statements.
- Recall frequently identified peer review matters involving SPFs as described in the most recent AICPA’s Peer Review Oversight Report.
- Recognize the impact SPFs have on engagements performed in accordance with the AICPA’s auditing and SSARSs standards.
- Recall the unique SPF reporting and disclosure requirements and avoid common errors.
Major Topics
Learn about the unique reporting and disclosure requirements for financial statements prepared in accordance with non-GAAP frameworks (special purpose frameworks or OCBOA).