Gov and NFP TBS on FAR?

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  • #160214
    Anonymous
    Inactive

    Anyone ever get a NFP and GOV sim or know if they’re TBS testable? I remember a review professor once saying they aren’t but cant recall if it was for Audit or FAR,

    Thanks

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  • #281620
    wantmylifeback
    Participant

    Well, without stating any specifics, the AICPA lists both Govt and Non-for-Profit as 8-12% of the content for FAR. I think that in itself should answer your question.

    BEC - 83 (10/22/10)
    REG - 87 (11/30/10)
    AUD - 76 (02/26/11)
    FAR - 79 (04/26/11)

    #281621
    Anonymous
    Inactive

    They are testable and given the issues in the Federal govt I would expect to maybe see a TBS, especially govt as GASB differs significantly than FASB and modified accrual can be tricky.

    I'm doing my 3rd take on FAR and I expect to see Govt, Pensions and Bond stuff as those have been hot topics from my AICPA daily newsletters.

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