Prospective Financial Information
Published January 22, 2013
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
AICPA Guide Prospective Financial Information
- illustrative engagement letters.
- illustrative representation letters.
- illustrative prospective financial statements.
- sample reports.
- Excerpt: Reasonably Objective Bias
- Excerpt: Sample Engagement Letter for a Compilation of a Financial Forecast
- This Guide has been fully conformed to reflect the new standards resulting from the Clarity Project. The 2012 edition 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 previous edition of this guide until the clarified auditing standards become effective for the auditors’ engagements.