Compilation Engagements – AASOC
Date recorded:
At its teleconference meeting on March 25, 2019, the AASB Chair discussed its Compilation Engagements project with the AASOC and advised that the Board is interested in hearing from the Council on three specific issues, namely:
- using a general purpose financial reporting framework;
- disclosure of the basis of accounting; and
- certain concerns raised by the Public Business Accountants Society of Canada relating to the use of the word “professional” in the definitions of “practitioner” and “relevant ethical requirements”.
Several members of the AASOC provided comments to the AASB Chair on these three issues.
Review the minutes on the AASOC's Web site.
