The Compilations of Future-oriented Financial Information (FOFI) Reference Group, comprised predominantly of representatives from the user community, provides advice to the AASB on its project to develop a Canadian Standard on Related Services (CSRS) for compilation engagements on FOFI. This new standard will replace Assurance and Related Services Guideline (AuG) 16, Compilation of a Financial Forecast or Projection.
The Auditing and Assurance Standards Board (AASB) established the Compilations of FOFI Reference Group in 2021 to provide the AASB with stakeholder views as it develops the new standard.
The roles and responsibilities of the Reference Group include providing:
The Reference Group meets privately approximately 5-6 times a year.
Keep up to date on this project via the Compilations of Future-oriented Financial Information project page.