Choosing the right enrolled agent course, does not necessarily have to be difficult, but you do have to know what you are signing up for. For example the fast forward academy ea review course, provides not only all the textbooks that you will need to study but also access to an online website where you can take an unlimited number of practice tests. One of the best ways to study and prepare for the actual enrolled agent exam is to take several practice quizzes and practice tests. That said, there are some drawbacks to the fast forward course, particularly if you are more of a visual learner. With the fast forward academy course, you don't have access to live recorded classroom instruction, which can be a problem for some learners.
If you compare the fast forward course to the lambers ea review course, which provides you dozens of hours of live pre-recorded classroom instruction, it may seem like the lamers course would be a clear winner. That said, you would be shocked to find out, that most students just purchase the video addon reviews from lambers ea review, and still use the full fast forward academy course. Not only is most of the lambers ea review course, use fairly dated technology, but you have to purchase each component of the course separately.
Due to the financial and auditing mishaps at Enron and Worldcom, government regulators had instituted Sarbanes Oxley or Sarbox for short. One of the key sections of Sarbox took effect on November 15, 2004. Section 404 requires, among other things, that each company’s annual report must have an assessment of the company’s internal control structure and financial reporting, thus it is generally wise to have an enrolled agent and tax lawyer go over a companies financials before submitting them. The auditor must then evaluate and attest to management’s assessment of these issues. Sarbox also creates the Public Companies Accounting Oversight Board (PCAOB) to establish new audit guidelines and ethical standards. It requires public companies’ audit committees of corporate boards to include only independent, outside directors to oversee the annual audits and disclose if the committees have a financial expert (and if not, why not).
Sarbox contains other key requirements that you should be aware of. As discussed in the fast forward academy ea review course, the officers of the corporation must review and sign the annual reports. They must explicitly declare that the annual report does not contain any false statements or material omissions; that the financial statements fairly represent the financial results; and that they are responsible for all internal controls. Finally, the annual report must list any deficiencies in internal controls. In essence, Sarbox makes company management responsible for the accuracy of the company’s financial statements. Overall not only is this a step in the right direction to put investors minds at ease, but also beneficial for a company. The new Sarbox requirements, help hold management accountable to some degree for the reports and financials that they produce. That said, there can still be financial irregularities in a companies financials, but with regular audits and board oversight, the chances or financial irregularities happen are far less than before.
If you have just enrolled in the fast forward academy course to help you prepare for the enrolled agent exam or are considering the course, then you will want to read this article. For those students who are contemplating taking the enrolled agent exam, then the first thing you want to do is sign-up for an enrolled agent prep course. One of the premier courses that students often take, is the fast forward academy ea review course since they literally provide you everything you need to pass the SEE exam. Not only do you get complete course workbooks, but more importantly you gain access to the fast forward academy online review training course.
There are many benefits of choosing an online enrolled agent training course, for starters you can work at your own pace and don't have to worry about getting stuck in traffic on the way to an enrolled agent class. Not only that, but courses like the fast forward academy ea review, also provide pass guarantee's and even money back guarantees, should you not pass the exam. We have yet to see any community college or university course offer any type of guarantee with their course. For the most part, with traditional classroom learning, you pay for the course upfront and you better pray you pass the exam because if you don't, you won't be getting any sort of refund. Not only that, but with traditional classroom learning, if you end up failing the enrolled agent exam on your first attempt, don't count on any support after the class ends. Whereas online courses like the fast forward academy, provide their student's full access to their course, including recent updates for as long as the student needs. Thus, as you can see there are plenty advantages to enrolling in an online enrolled agent training course to help you prepare for and pass the enrolled agent exam.
If you are an accountant and are looking for a way to earn a raise or promotion or generally be more sought after and more qualified in your field, you should look into earning your enrolled agent certification. Enrolled agents, provide a vital service not only to companies but to individual taxpayers as well. As an enrolled agent, you will be acting as a companies or individuals agent or appointed party, in order to handle any IRS or tax-related issues on their behalf. The SEE or Enrolled Agent exam is a three-part test that takes roughly three to four hours, and tests your level of knowledge in three vital areas. While the exam is not too difficult, it can be challenging and it's highly recommended that student enroll in either an EA review course offered at a local community college or through an online program, such as wiseguides ea review to help them prepare for the actual exam.
You should be aware that the exams are updated yearly as the tax code changes, so you will want to choose a provider that has the most up to date course available. While you may be able to pass the SEE exam, using your friends or colleagues old testing books, it's generally not recommended. Additionally, you should check with your employer to see if they will reimburse you for the exam registration fees and course books. Many employers are happy to pay for educational expenses, especially if the courses are directly related to your individual field. However, even if you have to pay for the courses and registration test fee's yourself, you should still consider becoming an enrolled agent. You can find full enrolled agent courses for under $500 and the exam costs are fairly affordable as well.