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Proposed international standard on compilation engagements

29 Oct 2010

The International Auditing and Assurance Standards Board (IAASB) has proposed a new proposed pronouncement – International Standard on Related Services (ISRS) 4410 Compilation Engagements.

The proposed standard is the first step in the IAASB'S work to create robust standards for services that can be used by entities that are either not required or do not elect to be audited to meet their business reporting needs.

Click here for IAASB Press Release (IFAC website), which includes a link to download the proposal. Comments are due by 31 March 2011.