Compilation Engagements – AASB

Date recorded:

At its meeting on June 10-11, 2019, the AASB discussed key issues stakeholders raised on the Exposure Draft, “Compilation Engagements,” including:

  1. the wording and format of the compilation engagement report;
  2. the stand back requirement; and (iii) the description of the basis of accounting.

At a future meeting, the Board will consider the effective date of the new standard and, if appropriate, approve the final standard.

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

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