Practice Aid - OCBOA Financial Statements

This Practice Aid is intended to provide preparers of cash‐ and tax‐basis financial statements with guidelines and best practices to promote consistency and for resolving the often difficult questions regarding the preparation of such financial statements. This Practice Aid is nonauthoritative and should not be used as a substitute for the preparer’s professional judgment. This Practice Aid has not been approved, disapproved, or otherwise acted upon by any senior committee of the AICPA.

Important Note: This practice aid has not been updated since its publication and, therefore, does not reflect the effects of professional standards that have been issued since its publication.