IRB Exposure Screening Checklist

Use Case

Use this checklist to classify IRS Internal Revenue Bulletin items as active review, conditional, monitor only, or no impact.

Checklist

• Identify the IRB and guidance item.
• Assign a tax owner.
• Determine whether entity-specific exposure exists.
• Identify compliance action, if any.
• Identify ASC 740 implication, if any.
• Retain no-impact conclusion if no action is required.