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Compilation Engagements - AASOC

Date recorded:

At the AASOC meeting on November 9-10, 2017, the AASB discussed the key issues related to this project, including: (i) the scope of the revised standard; (ii) requirements related to acceptance and terms of the engagement; (ii) requirements related to performing the engagement and documentation; (iv) quality control, including how the Board should proceed with regard to the issue of applicability of quality control standards to compilation engagements and other related services engagements; and (v) the release date of an exposure draft. The AASB also noted that, to date, more than 500 responses had been received in response to their survey to stakeholders.

Review the minutes on the AASOC's Web site.

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