Compilation Engagements - AASB

Date recorded:

At its meeting on March 5-6, 2018, the AASB discussed issues related to its project to revise Section 9200, Compilation Engagements, including:

  • the standard’s scope;
  • whether the practitioner should disclose the basis of accounting, and, if so, how;
  • requirements dealing with the practitioner’s knowledge of the entity; and
  • guidance on compiling the financial information.

The Board anticipates approving an exposure draft of the revised standard at its June 2018 meeting.

Review the executive summary on the AASB's Web site.

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