After completing this course, you should be able to understand the basic accounting and auditing issues related to personal financial statements for each of the following areas:
Section
1
Authoritative Guidance for Personal Financial Statements
2
Basis of Accounting and Basic Financial Statements
3
Measuring Personal Financial Statement Components
4
General Issues: Personal Financial Statements
5
Compiling Personal Financial Statements
5-a
Reporting on Compiled Personal Financial Statements
5-b
Model Compilation Report: Personal Financial Statements
5-c
Preparation Engagements and Personal Financial Plan Reporting
6
Reviews of Personal Financial Statements
6-a
Reporting on Reviewed Personal Financial Statements
6-b
Model Review Report: Personal Financial Statements
7
Audits of Personal Financial Statements
8
Making Personal Financial Statement Disclosures
9
Engagement Letters
10
Client Representation Letters
11
Illustrative Financial Statements with Disclosures
12
Sources of Information for Personal Financial Statements