ARSC issues interpretation on special-purpose financial statements to comply with contractual agreements or regulatory provisions.

The Accounting and Review Services Committee has issued Interpretation No. 28 to AR section 100. That interpretation, "Special Purpose Financial Statements to Comply with Contractual Agreements or Regulatory Provisions," provides accountants with guidance as to how they should modify the standard compilation or review report when reporting on special-purpose financial statements.

The interpretation is available at...

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