At the AASOC meeting on April 5, 2018, Darrell Jensen, Ken Charbonneau, and Eric Turner of the AASB discussed key issues related to the Board’s project to revise Section 9200, Compilation Engagements, including: (i) whether the scope of the revised standard should be based on the client’s need for a compilation engagement report; (ii) should there be a requirement to obtain knowledge of the entity’s accounting system and accounting; and (iii) whether pre-exposure draft consultations should be conducted to solicit feedback on the proposed standard. The Board anticipates approving an exposure draft of the revised standard in the fall of 2018.

Review the minutes on the AASOC's Web site.