Keep your eyes open for drafts from the ARSC by end of October.
The Journal of Accountancy reports these drafts were approved:
- Preparation of Financial Statements
- Compilation Engagements
- Association With Financial Statements.
The JofA article says:
The new, proposed preparation standard would govern engagements in which the accountant prepares financial statements but does not perform a compilation, review, or audit. The standard would require the accountant to place a legend on each page stating that no assurance is being provided.