Course Information

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Indirect Methods of Reconstructing Income
Author: D. Larry Crumbley

Description:
Forensic accountants working in the private sector can learn much from their public sector counterparts in the IRS. Understanding the IRS practices helps a forensic accountant gain an understanding of the special tools and concepts involved in the indirect methods.

Although private sector forensic accountants lack access to some of the tax return information and the authority to summons third-party records available to IRS agents, many of the techniques used by the IRS may be used by forensic accountants to indirectly calculate net income, expenditures, and net worth.

Indirect Methods of Reconstructing Income explores the major indirect methods of proof used by the IRS, discusses the significance and application of these methods from the viewpoint of an IRS agent, and describes which method is appropriate for each type of business. Specifically, it covers the following topics:

  • Direct versus Indirect Reconstruction Methods
  • Forensic Audit Approaches Used by the IRS
  • Indirect Reconstruction Methods
Course Details:
Price:  $50.00
Field of Study:  Regulatory Ethics
Prerequisites:  None
Level:  Intermediate
CTEC course number:  None
Course was last updated on:  03/05/2004
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Library:
Accounting and Audit

Technical Requirements:
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Credit Available For: Units
CPE 3.00 CPE
National Registry Interactive 3.00 CPE
National Registry New Standards 3.00 CPE
QAS 3.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.