Like-kind Exchanges (self-study)
| Provider | A NASBA-registered tax-CPE sponsor — identity withheld; public listing audited without engagement |
| Course | A 2-credit self-study course in Taxes (Program Level: Basic) |
| Source examined | The sponsor's own public course listing only — no account; course body not accessed |
| Date | 2026-06-13 |
| Standards yardstick | Statement on Standards for CPE Programs, August 2026 edition (AICPA / NASBA) |
| Method | Coverage lane (mechanical, offline) + concierge judgment pass |
Executive summary
From the public listing alone, the mechanical lane produced one finding; a concierge pass surfaced four observations. The most important property: 55 of 67 records are reported "not evaluable" because the course body was not examined — nothing was guessed.
Two objectives not phrased as participant outcomes
Of four published objectives, two state a mental state rather than a demonstrable competence: one opens with "Know when…" and another with "Become knowledgeable about…" The Standards expect objectives phrased as what the participant can do. The other two ("Determine…", "Define…") are correctly phrased.
Delivery method contradicts itself
The listing sells the course as an "On Demand Webcast" (self-study) but tags the instructional method as "Group Internet Based" (group-live). A course is one or the other — and the choice decides the engagement rule, the completion-verification rule, and the credit-calculation method.
No qualified assessment declared
The listing states "Test Format: None." A self-study profile requires a final assessment at ≥70% for completion. Reported not-evaluable mechanically; a reviewer should confirm an assessment exists in the full course.
No expiration policy; level published inconsistently
No course-expiration policy is published (self-study access caps at one year). And the program level is published as Basic on the course page but Overview on the package landing page.
Coverage map
Mapped against all 67 requirement records of the August 2026 Standards catalog — mechanical — no LLM in any check. "Not evaluable" means the public materials gave no evidence either way; nothing was guessed. Here those rows are dominated by everything that needs the course body (credit math, review-question floor and feedback, objective↔content coverage), plus sponsor-process and retention records no course page carries.
Evaluated — satisfied
| Locator | Heading | Disposition |
|---|---|---|
| 3.01.1 | Program knowledge level | Program level stated: 'Basic' |
| 3.02.1 | Prerequisite education and experience | Prerequisites ('None') and advance preparation ('None') both stated |
| 8.01.1 | Disclose significant features in advance | All checked advance-disclosure items present on the public listing |
| 8.01.2 | Disclose advance preparation & prerequisites | Both disclosed in the descriptive materials |
Evaluated — finding
| Locator | Heading | Disposition |
|---|---|---|
| 3.01 | Learning activities based on objectives | Finding 2 of 4 objectives not outcome-phrased |
Learning objectives ↔ standard locators
All objectives answer to Standard 3.01 and, because disclosed in advance, to Standard 8.01.1. Content coverage (the keyword check against module text) is not evaluable — no course body was examined.
| # | Learning objective | Locators | Outcome-phrased? | Content coverage |
|---|---|---|---|---|
| 1 | Determine whether a like-kind exchange can be used to defer taxes upon the sale of real property. | 3.01 · 8.01.1 | Yes | Not evaluable |
| 2 | Know when it is appropriate to use a qualified intermediary in effecting a like-kind exchange. | 3.01 · 8.01.1 | No · "Know" | Not evaluable |
| 3 | Define a Delaware Statutory Trust and how it can be used to obtain replacement property on a timely basis. | 3.01 · 8.01.1 | Yes | Not evaluable |
| 4 | Become knowledgeable about ways to appropriately use the structure in unusual situations. | 3.01 · 8.01.1 | No · "Become" | Not evaluable |
Concierge review — observations for a human reviewer
Locator-keyed observations the mechanical lane does not assert as determinations — pointers for a reviewer, labeled by confidence.
| # | Locator(s) | Observation | Verdict |
|---|---|---|---|
| C1 | 5.01.1/5.01.2 · 6.01.1/6.01.2 · 7.02 | Delivery method contradictory: On Demand Webcast (self-study) vs Group Internet Based (group-live). Profile choice governs three downstream rule sets. | needs-human-review |
| C2 | 6.01.2 | "Test Format: None" — a self-study profile requires a ≥70% qualified assessment. | needs-human-review |
| C3 | 9.02.2 | No course-expiration policy published; self-study access caps at one year. | needs-human-review |
| C4 | 8.01.1 · 3.01.1 | Program level published inconsistently: Basic (course page) vs Overview (package page). | confident |
Why most of this is "not evaluable"
This sample was run on the public page only, by design. The engine reports what it cannot see as not evaluable rather than guess — hence 55 records at that status. The body-dependent lanes are dark here:
Credit recomputation (7.02.5 / 7.02.6) — the claimed 2 credits can't be checked without the required-reading text. Review-question floor and feedback (5.01.2.1 / 5.01.2.2) — no body, no questions to count. Objective↔content coverage — the four objectives can't be mapped to delivered content. Currency (4.01) — no content to year-stamp. The live grounded-rebuild and refusal exhibits are not run on a public-data sample (they need the ingested corpus + API keys); the full synthetic sample demonstrates both lanes end-to-end.
Provenance log
| Item | Value |
|---|---|
| Course examined | A 2-credit self-study Taxes course (provider identity withheld) |
| Source | The sponsor's own public course listing — retrieved 2026-06-13, no account |
| Compliance checks | Deterministic and mechanical — no generative model in any finding; reproducible from the source and the stated Standards edition |
| Yardstick | Statement on Standards for CPE Programs, August 2026 edition (AICPA / NASBA) |
| Catalog class | Point-and-cite record — numbers, headings, our paraphrases only; no Standards body text stored |
| Result | 1 finding · 4 satisfied · 55 not evaluable · 7 declared · 4 concierge observations |