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This Statement provides that a CPA may be engaged to compile or review annual or interim financial statements of an entity that is not required to file financial statements with a regulatory agency in connection with the sale or trading of its securities in a public market. This Statement provides guidance to CPAs concerning the standards and procedures applicable to such engagements.
Financial statements -- United States; Accounting -- Standards -- United States
Accounting | Taxation
American Institute of Certified Public Accountants. Accounting and Review Services Committee, "Proposed statement on standards for accounting and review services : compilation and review of financial statements ;Compilation and review of financial statements" (1978). Statements of Position. 389.