After listening to a Compilation and Review update for 2012 webcast from the AICPA, I’ve changed my mind on what would be an appropriate salutation.
One of the presenters, mentioned that the salutation should not include a personal greeting along the lines of “Dear Board”. (I won’t identify him because it was his opinion and not an authoritative comment so it is not fair to cite him as an authority.)
I submitted a question to clarify why he thought that. The moderator presented the question. Response was along the lines of the compilation and review reports are still reports and not letters. As such, it would not be appropriate to include a personal salutation along the lines of “dear directors.”
That represents a substantial change from the approach I have been using for the last year in my reports. That is also quite different from what I have provided as samples on this blog. …
What is an “appropriate salutation” for a compilation report or review report?Read More »