Statements of Position



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This statement provides guidance on the scope of work and form of report for an audit, review, or compilation of personal financial statements prepared in conformity with the accounting provisions of Statement of Position 82-1, Accounting and Financial Reporting for Personal Financial Statements. The guide first discusses matters that are common to all personal financial statement engagements. The guide then discusses the application of current professional standards to engagements to compile, review , or audit personal financial statements that present assets at their estimated current values and liabilities at their estimated current amounts. Finally, the guide discusses reporting on personal financial statements, and provides numerous compilation, review, and audit report illustrations.

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Financial statements -- Standards -- United States; Finance, personal; Auditors' reports


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed guide : personal financial statements : compilation, review, and audit ;Personal financial statements : compilation, review, and audit; Exposure draft (American Institute of Certified Public Accountants), 1982, Nov. 1



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