Prospective Financial Information 

    For preparers or practitioners who compile, examine, or perform agreed upon procedures on prospective financial information, it is critical to understand the issues common for such engagements. AICPA publications provide information on recent developments, guidance, and illustrative examples related to prospective financial information, including
    • an overview of the types of prospective presentations and their uses.
    • preparation guidelines.
    • presentation guidelines.
    • technical guidance in SSAE No. 17, Reporting on Compiled Prospective Financial Statements when the Practitioner’s Independence is Impaired

    Find comprehensive examples of
    • illustrative engagement letters.
    • illustrative representation letters.
    • illustrative prospective financial statements.
    • sample reports.

    Guide Prospective Financial Information


    Publication Excerpts (available to AICPA members)

    This AICPA Guide has been fully conformed to reflect the new standards resulting from the Clarity Project. This year’s edition of the guide fully incorporates the clarified auditing standards into all guide content, so that auditors can further their understanding of the clarified auditing standards. The clarified auditing standards are effective for audits of financial statements for periods ending on or after December 15, 2012 (calendar year 2012 audits). Auditors should continue to use the 2011 edition of this guide until the clarified auditing standards become effective for the auditors’ engagements.

    AICPA Online Professional Library

    When you subscribe to any one of the many subscription options on AICPA Online Professional Library, you're not only getting access to the most up-to-date guidance and tools, you are also linked to all of the relevant and related literature, including the FASB and GASB libraries.

    Many publications and libraries may be of value to those interested in guidance related to prospective financial information:

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