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Statements of Position

1988

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

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Full-Text Articles in Business

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, American Institute Of Certified Public Accountants. Auditing Standards Division. Forecasts And Projections Audit Issues Task Force Jan 1988

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, American Institute Of Certified Public Accountants. Auditing Standards Division. Forecasts And Projections Audit Issues Task Force

Statements of Position

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 ...