week 6 assignment thread 2

1) Looking at the IRS source, what is the difference between a Treasury Regulation and a Revenue Ruling? What is Treasury Regulation § 1.0-1 Internal Revenue Code of 1954 and regulations?

2) What about the AICPA's auditing standards?  Check out this site: http://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-00150.pdf