Prospective Financial Information

AICPA

John Wiley & Sons, Jun 12, 2017 - Business & Economics - 256 pages

This resource provides interpretive guidance and implementation strategies for all preparation, compilation examination and agreed upon procedures on prospective financial information:

• Helps with establishing proven best-practices.
• Provides practical tools and resources to assist with compliance.
• Exposes potential pitfalls associated with independence and ethics requirements.
• SSAE No. 18
• SSARS No. 23
• Preparation and compilation engagements now fall under the SSARSs
• The attestation engagements require an assertion from the responsible party

Contents

• Types of Prospective Financial Information and Their Uses: 9
• Chapter Paragraph: 12
• Presentation Guidelines: 39
• Illustrative Prospective Financial Information: 57
• Types of Practitioners Services: 101
• Preparation of Prospective Financial Information 01 52: 111
• Contains a Known Departure or Departures from: 118
• Compilation Procedures 01 37: 127
• The Practitioners Compilation Report 01 31: 143
• Reporting If the Prospective Financial Information Includes: 152
• Evaluating the Preparation and Presentation of Prospective: 162
• Appendix AIllustrative Engagement and Representation: 173
• The Practitioners Examination Report 01 27: 179
• Projected Sale of an Entitys Real Estate Investment: 188
• Application of AgreedUpon Procedures 01 34: 195
• Appendix AIllustrative Engagement and Representation: 201
• The Practitioners Report on the Results of Applying AgreedUpon: 207
• Chapter Paragraph: 211
• B Schedule of Changes Made to the Text From the Previous Edition: 225
• 01 03: 230

About the author

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

Bibliographic information

• Title: Prospective Financial Information
• Author: AICPA
• Publisher: John Wiley & Sons, 2017
• ISBN: 194354686X, 9781943546862
• Length: 256 pages
• Subjects: Business & Economics / Accounting / Financial; Business & Economics / General