The Compilations of Future-oriented Financial Information (FOFI) Task Force provides advice to the AASB on its project to develop a Canadian Standard on Related Services (CSRS) for compilation engagements on FOFI. The 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 Task Force in 2021. The Task Force provides advice on the AASB’s project to develop the new standard to replace AuG-16.
The roles and responsibilities of the Task Force include the following:
The Task Force meets privately approximately eight times a year.
The Task Force discussions serve as a basis for agenda papers presented to the AASB when the Compilations of FOFI project is on the meeting agenda.
Keep up to date on this project via the Compilations of Future-oriented Financial Information project page.