Preparing Compliant SPFR - Part 1
1h 4m CPD time
Difficulty: Intermediate
Content may be outdated
This video is over 2 years old and may contain outdated information. Explore recent videos or report an issue.
In Part 1 of 2, Alastair Abbott covers the following fundamentals for preparing special purpose financial reports (SPFR):
What and why of financial statements
Terminology
Who can’t prepare special purpose financial statements (SPFS)?
Reasons for preparing financial statements
SPFR preparation requirements
APES 205 - Conformity with Accounting Standards
APES 315 - Compilation of Financial Information
Accountant’s report
Accountant’s report disclaimer
Compilation report
Download resources below the video.
Date recorded: 1 August 2023