AASB Exposure Draft, “Proposed Canadian Standard on Related Service (CSRS 4250), Compilation Engagements on Future-oriented Financial Information and Pro Forma”

The Canadian Auditing and Assurance Standards Board (AASB) is seeking your input on the proposed CSRS 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma (CSRS 4250).

Recently, we approved an Exposure Draft on proposed CSRS 4250, and we want your input on:  

• the scope of the proposed standard;
• engagement acceptance;
• definitions of key terms relating to FOFI and pro forma;
• required work effort in compiling FOFI and pro forma;
• notes in the compiled financial information;
• the compilation report; and
• documentation requirements.

Your feedback is crucial to the development of the final CSRS and will help us serve the public interest. Take our quick survey and help us finalize the new proposed standard!