New Standard on Compilation Engagements

In March 2012, the International Audit and As¬surance Standards Board (IAASB) released  ISRS 4410: The Standard for Today’s Compila¬tion Engagements, effective for compilation reports dated on or after 1 July 2012.
The standard can be used by professional ac¬countants in Public Practice, for a wide range of engagements for which assurance on the re¬ported information is not re¬quired. IFAC Staff have written an article explaining some of features of the standard. To read the article click here.

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