Future-orientated Financial Information – AASB
Date recorded:
At its meeting on January 23, 2023, the AASB discussed issues related to the project to develop a new Canadian Standard on compilations of future-oriented financial information that will replace AuG-16. Key issues included: the definitions of “forecast,” “hypotheses,” and “projection”; the definition of “pro-forma financial information”; and the scope of the proposed new standard.
Review the Executive Summary on the AASB's Web site.