美国CPA考点解析：审计中特别项目的种类

审计中特别项目的种类

(FAR) Types of extraordinary item

Gains or losses included in a company's financial statements, which are infrequent and unusual in nature.

Instructor’s tips：

Two prerequisites must be met: “Infrequent” and “unusual”. Also, “extraordinary” is “very rear” situation.

Great example: Snowstorm in Hawaii creating extraordinary losses to banana crops. “effects of a strike” is NOT an extraordinary item because it does NOT meet “unusual in nature” characteristic.