Proposed statement on auditing standards : reporting on financial statements prepared for use in other countries ;Reporting on financial statements prepared for use in other countries; Exposure draft (American Institute of Certified Public Accountants), 1985, Oct. 15

Authors

American Institute of Certified Public Accountants. Auditing Standards Board

Files

Description

This proposed statement establishes standards that apply to U.S. auditors who express an opinion on financial statements of a U.S. entity prepared in conformity with accounting principles of another country for use outside the United States. The proposed statement establishes standards that--(1) Require the auditor to obtain written representations from management regarding the distribution of such financial statements; (2) Permit the auditor to use a modified U.S.-style report form or a non-U.S. standard report if the financial statements are used only outside the United States or will not have more than limited use in the United States; (3) Permit the auditor to use dual reports or a U.S. standard report modified for U.S. GAAP departures if the financial statements will be used in the United States.

Publication Date

1985

Relational Format

Book

Keywords

Financial statements -- United States

Disciplines

Accounting | Taxation

Comments

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

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Board, "Proposed statement on auditing standards : reporting on financial statements prepared for use in other countries ;Reporting on financial statements prepared for use in other countries; Exposure draft (American Institute of Certified Public Accountants), 1985, Oct. 15" (1985). Exposure Drafts, Comment Letters, and Statements of Position. 483.
https://egrove.olemiss.edu/aicpa_sop/483