Proposed statement of position : questions concerning accountants' services on prospective financial statements : Proposed amendment to AICPA Guide for Prospective Financial Statements;Proposed amendment to AICPA Guide for Prospective Financial Statements : Questions concerning accountants' services on prospective financial statements; Exposure draft (American Institute of Certified Public Accountants), 1988, Sept. 2

Authors

American Institute of Certified Public Accountants. Auditing Standards Division. Forecasts and Projections Audit Issues Task Force

Files

Description

The Forecasts and Projections Audit Issues Task Force developed this proposed statement of position (SOP) in response to questions raised by practitioners about some of the procedural and reporting guidance contained in the AICPA Guide for Prospective Financial Statements. This SOP included some of these questions and the recommended responses. Specifically, the SOP provides additional guidance in these areas: 1. Reporting on financial forecasts that include a projected sale of an entity's real estate investment; 2. Sales prices assumed in a projection of the sale of an entity's real estate investment; 3. Reporting on information accompanying a financial forecast in an accountant-submitted document; 4. Financial projections included in general-use documents; 5. Support for tax assumptions; 6. Periods covered by an accountant's report on prospective financial statements.

Publication Date

1988

Relational Format

Book

Keywords

Financial statements -- Standards -- United States; Corporations -- United States -- Finance -- Forecasting

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 Division. Forecasts and Projections Audit Issues Task Force, "Proposed statement of position : questions concerning accountants' services on prospective financial statements : Proposed amendment to AICPA Guide for Prospective Financial Statements;Proposed amendment to AICPA Guide for Prospective Financial Statements : Questions concerning accountants' services on prospective financial statements; Exposure draft (American Institute of Certified Public Accountants), 1988, Sept. 2" (1988). Exposure Drafts, Comment Letters, and Statements of Position. 519.
https://egrove.olemiss.edu/aicpa_sop/519