Compilation Engagements - AASOC

Date recorded:

At its meeting on April 7, 2016, the AASOC received a report from the AASB regarding this project. The AASOC discussed whether the practitioner’s report should clearly state what it is not (i.e., an audit or a review engagement). However, some AASOC members felt that, from a public interest perspective, it is better for the report to take the opposite approach and clearly establish what a compilation engagement is. The AASOC also noted that awareness and education will be key in this project. Eric Turner of the AASB staff stated that, in line with the AASB’s strategic goal to increase stakeholder engagement, significant outreach is planned. In addition, there will likely be a public document for comment prior to the exposure of a draft standard.

Review the minutes on the AASOC's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.