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This exposure draft is a proposed revision of the accounting guidance in the 1968 AICPA Industry Audit Guide, Audits of Personal Financial Statements. This draft recommends and supports the use of estimated current value as the basis of measurement in personal financial statements and presents guidelines for determining estimated current value in those statements.
Financial statements -- Standards
Accounting | Taxation
American Institute of Certified Public Accountants. Personal financial statements committee, "Proposed accounting section : personal financial statements guide ;Personal financial statements guide" (1981). Statements of Position. 434.