Future-orientated Financial Information – AASB

Date recorded:

At its meeting on January 20-21, 2022, the AASB discussed issues related to the development of a new Canadian Standard on Related Services on the compilation of FOFI. Key issues discussed included: the principles essential for compiled FOFI not to be misleading; engagement acceptance when compiled FOFI is intended for general use; and distinguishing between a forecast and projection.

Review the Executive Summary on the AASB's Web site.

Correction list for hyphenation

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