Exposure Drafts, Comment Letters, and Statements of Position
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Description
This proposed Statement provides the accountant with an optional exemption from the requirements of Statement on Standards for Accounting and Review Services 1, as amended, for personal financial statements included in a written personal financial plan prepared by the accountant when such statements and the related plan have been developed solely to assist a client and a client's advisers in achieving the client's personal financial goals and objectives and for no other purpose. In those circumstances, the proposed Statement would require the accountant to issue a special form of written report and would specify the information required in that report.
Publication Date
1985
Relational Format
Book
Keywords
Financial statements -- United States; Finance, Personal -- United States -- Accounting -- Standards
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Accounting and Review Services Committee, "Proposed statement on standards for accounting and review services : reporting on personal financial statements included in written personal financial plans;Reporting on personal financial statements included in written personal financial plans; Exposure draft (American Institute of Certified Public Accountants), 1985, Dec. 18" (1985). Exposure Drafts, Comment Letters, and Statements of Position. 487.
https://egrove.olemiss.edu/aicpa_sop/487
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.