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Proposed Accounting Section : Personal Financial Statements Guide ;Personal Financial Statements Guide; Exposure Draft (American Institute Of Certified Public Accountants), 1981, June 1, American Institute Of Certified Public Accountants. Personal Financial Statements Committee
Proposed Accounting Section : Personal Financial Statements Guide ;Personal Financial Statements Guide; Exposure Draft (American Institute Of Certified Public Accountants), 1981, June 1, American Institute Of Certified Public Accountants. Personal Financial Statements Committee
Statements of Position
This exposure draft is a proposed revision of the accounting guidance in the 1968 AICPA Industry Audit Guide, Audits of Personal Financial Statements. This draft recommends and supports the use of estimated current value as the basis of measurement in personal financial statements and presents guidelines for determining estimated current value in those statements.