In general, a corporation can elect to use either the accrual or cash method of accounting no matter how
large the corporation.
Corporations calculate adjusted gross income (AGI) in the same way as individuals.
The "double taxation" of corporate income refers to the taxation of corporate income at both the entitylevel and the shareholder-level.
A distribution from a corporation to a shareholder will always be treated as a dividen
Assurance Services. Independent professional services that improve the quality of information, or its context, for
decision makers. Encompasses attest services and financial statement audits.
Attest. A service when a practitioner is engaged to issue or do
Application controls. Controls that apply to the processing of specific computer
applications and are part of the computer programs used in the accounting
Computer-assisted audit techniques (CAATs). Computer programs that allow
auditors to test co