| A task force of approximately 15 persons is appointed, including preparers, attestors and users of financial information who are knowledgeable about the subject matter. |
| Tax preparers help clients hide income and assets outside the USA, using offshore bank and brokerage accounts, credit cards, trusts and leases. |
| Tax preparers who claim they can wipe out your tax bill by exploiting hidden tax loopholes are usually con artists. |
| Avoid professionals who guarantee results or claim they can get you larger refunds than other preparers. |
| These rules are sometimes at odds with each other, resulting in financial statements that are confusing to users, preparers and attestors. |
| Audit documents must include an index that identifies preparers and reviewers and work completion date. |
