Statements of Position



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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


Relational Format



Financial statements -- United States


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 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



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