Compilation Engagements - AASOC
Date recorded:
At the AASOC meeting on July 7-8, 2016, the AASB discussed issues related to its project to revise Section 9200 including: (i) the definition of a compilation engagement; (ii) whether compilation engagements should be subject to firm quality control standards; (iii) the preconditions to accepting a compilation engagement; (iv) the exercise of professional judgment in a compilation engagement; and (v) management’s responsibility for significant judgments.
Review the minutes on the AASOC's Web site.