PERSONAL FINANCIAL STATEMENTS in .NET

Encoder QR Code in .NET PERSONAL FINANCIAL STATEMENTS
PERSONAL FINANCIAL STATEMENTS
Scanning QR Code In Visual Studio .NET
Using Barcode Control SDK for .NET Control to generate, create, read, scan barcode image in Visual Studio .NET applications.
and liabilities, and the transactions data affecting those balances Additionally, the required tests and procedures cause this to be a more costly service Recent requirements regarding the auditor s responsibility to apply procedures relevant to the detection of fraud (SAS 99) and other requirements such as the assessment of the design of the system of internal controls make little sense in the context of personal statements Also, the standards requiring presentation of a statement of nancial condition with assets at estimated fair values and liabilities at estimated current amounts may create audit dif culties Fair value estimates involve uncertainty and subjectivity that may not lend themselves to producing evidence which can be ef ciently or effectively audited The auditor may be unable to obtain suf cient competent evidential matter to support an opinion on personal nancial statements Many such engagements that start out as audits end up with a disclaimer of opinion because of scope restrictions on the auditor s ability to obtain necessary evidence (g) STANDARD AUDIT REPORT Following is the auditor s standard report appropriate for personal nancial statements (Guide, 5, paragraph 14):
Drawing QR In .NET Framework
Using Barcode generator for .NET Control to generate, create QR image in VS .NET applications.
INDEPENDENT AUDITOR S REPORT I [We] have audited the accompanying statement of nancial condition of [James and Jane Person] as of [date], and the related statement of changes in net worth for the [period] then ended These nancial statements are the responsibility of [James and Jane Person] My [Our] responsibility is to express an opinion on these nancial statements based on my [our] audit I [We] conducted my [our] audit in accordance with generally accepted auditing standards in the United States of America Those standards require that I [we] plan and perform the audit to obtain reasonable assurance about whether the nancial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the nancial statements An audit also includes assessing the accounting principles used and signi cant estimates made by [James and Jane Person], as well as evaluating the overall nancial statement presentation I [We] believe that my [our] audit provides a reasonable basis for my [our] opinion In my [our] opinion, the nancial statements referred to above present fairly, in all material respects, the nancial condition of [James and Jane Person] as of [date], and the changes in their net worth for the [period] then ended in conformity with accounting principles generally accepted in the United States of America
Decode Denso QR Bar Code In .NET Framework
Using Barcode recognizer for .NET framework Control to read, scan read, scan image in .NET applications.
The Guide presents examples of auditor s reports on personal nancial statements modi ed because of scope restrictions (quali ed opinions and disclaimer of opinions) and reports modi ed because of departures from GAAP (quali ed opinions and adverse opinions) SAS No 62, Special Reports, paragraphs 9 and 10, provides guidance concerning disclosures in personal nancial statements presented on a comprehensive basis of accounting other than GAAP, such as the cash or tax basis of accounting Similar informative disclosures are appropriate to those required by GAAP for the same or similar item SSARS No 6 provides an exception for the performance and reporting standards in SSARS No 1 for personal nancial statements included in written personal nancial plans Such statements included in written personal nancial plans frequently exclude disclosures required by GAAP and contain other GAAP departures These exceptions exist because the statements are prepared to facilitate the nancial plan and not for credit purposes An accountant, according to SSARS No 6, may submit a written personal nancial plan containing unaudited personal nancial statements to a client without complying with the compilation and review performance and reporting standards when all the following conditions are met:
Printing Bar Code In .NET Framework
Using Barcode generation for .NET Control to generate, create barcode image in VS .NET applications.
An understanding is reached with the client, preferably in writing, that the nancial statements,
Bar Code Decoder In Visual Studio .NET
Using Barcode recognizer for .NET framework Control to read, scan read, scan image in Visual Studio .NET applications.
will be used solely to assist the client s advisers to develop the client s personal nancial goals and objectives
Encoding QR Code JIS X 0510 In Visual C#
Using Barcode maker for .NET framework Control to generate, create QR Code ISO/IEC18004 image in .NET applications.
Draw QR In .NET
Using Barcode maker for ASP.NET Control to generate, create QR Code ISO/IEC18004 image in ASP.NET applications.
Data Matrix 2d Barcode Creation In VS .NET
Using Barcode drawer for .NET framework Control to generate, create Data Matrix 2d barcode image in Visual Studio .NET applications.
Bar Code Maker In .NET
Using Barcode generator for .NET framework Control to generate, create bar code image in VS .NET applications.
Code-39 Creator In Visual Studio .NET
Using Barcode creator for ASP.NET Control to generate, create Code39 image in ASP.NET applications.
Painting Code-39 In Visual Basic .NET
Using Barcode printer for .NET Control to generate, create Code 39 Extended image in Visual Studio .NET applications.
Bar Code Creation In .NET Framework
Using Barcode generator for ASP.NET Control to generate, create barcode image in ASP.NET applications.
Printing Code 128B In .NET
Using Barcode generator for ASP.NET Control to generate, create Code 128A image in ASP.NET applications.