Exposure Drafts, Comment Letters, and Statements of Position
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Description
This proposed Statement would supplement the Guide for a Review of a Financial Forecast. The Proposed SOP provides guidance to the accountant when his report on a review of a financial forecast is included in a registration statement filed with the SEC under the Securities Act of 1933. The proposed SOP describes the procedures an accountant should undertake between the date of his review report and the effective date of the registration statement when the report is not required to be updated under the terms of his engagement. These procedures, which are limited to reading certain documents and making certain inquiries, provide a reasonable basis for the accountant to consent to the use of his report without constituting an update of that report.
Publication Date
1982
Relational Format
Book
Keywords
Financial statements -- United States; Business forecasting
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Financial Forecasts and Projections Task Force, "Proposed statement of position : accountant's report on a review of a financial forecast contained in filings under federal securities statutes ;Accountant's report on a review of a financial forecast contained in filings under federal securities statutes; Exposure draft (American Institute of Certified Public Accountants), 1982, Feb. 10" (1982). Exposure Drafts, Comment Letters, and Statements of Position. 442.
https://egrove.olemiss.edu/aicpa_sop/442
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.