Scope of application

01. This Standard specifies and guides the responsibilities of practicing accountants, accounting firms and practicing auditors, and auditing firms (hereinafter referred to as "practitioners") when performing the exercise. services assisting entity management in preparing and presenting historical financial information without making any guarantees of such information and reporting on the performance of information aggregation services financial (hereinafter referred to as “integrated services”) in accordance with this Standard (See paragraphs A1 - A2 for guidance in this Standard).

02. This Standard applies to historical financial information aggregation services. Where necessary, this Standard may also apply to information aggregation services other than historical financial information and non-financial information aggregation services. "Financial information in the past"Hereinafter is understood as"Economic information"(See paragraphs A3 - A4 for guidance in this Standard).

03. When user entity management requests a practitioner to assist with the preparation and presentation of financial information, the practitioner may need to consider whether the service is subject to this Standard. are not. Factors that indicate a service to which a service is required under this Standard, including reporting in accordance with this Standard, include:

(1) Financial information is subject to relevant laws and regulations and is not disclosed;

(2) Persons other than those intended to use aggregated financial information, tend to associate practitioner names with that financial information and are at risk of misunderstanding about the extent of the practitioner's participation. profession on that information or not, for example:

    (i) If the information is used for purposes by parties other than management or those charged with governance, or the parties may be provided with or collected information that is not the intended use of the information. ;

    (ii) If the practitioner's name is displayed with financial information (refer to paragraph A5 of this Standard).

Relationship with Quality Control Standard 1

04. Accounting service enterprises, auditing enterprises (hereinafter referred to as “accounting and auditing enterprises”) is responsible for its own quality control policies and procedures. Quality Control Standard #1 – Quality control of firms performing audits, reviews of financial statements, assurance and other related services (hereinafter referred to as “Quality Control Standard No. 1”.) applies to accounting and auditing firms when performing financial information consolidation services in accordance with this Standard (See paragraph 04 Quality Control Standards No. 1). The requirements and guidelines of this International Standard relating to quality control at the level of each service contract that compile financial information are established on the basis that the firm is required to comply. Quality Control Standard 1, other professional requirements or relevant legal and regulatory requirements that are at least equivalent to Quality Control Standard 1 (See paragraphs A6 - A11 for guidance in this Standard).

Financial information synthesis service

05. Management of a user entity can request a practitioner to assist with preparing and presenting the entity's financial information. The value of performing an aggregate service contract in accordance with this Standard in providing users with financial information is the result of the practitioner's application of professional skills in accounting and financial reporting. profession, compliance with professional standards, including relevant ethical standards and regulations and specific information on the nature and extent of practitioner participation with financial information synthesized (See paragraphs A12 - A15 for guidance in this Standard).

06. Aggregate service is not a guaranteed service, so it does not require practitioners to check the accuracy or completeness of information provided by the Board of Directors to synthesize information and does not request Obtain evidence as a basis for expressing an auditor's opinion or making a review of the financial information after the synthesis.

07. Management is responsible for financial information, the basis of financial information preparation and presentation. This responsibility includes the application of judgments necessary to the preparation and presentation of financial information, including the selection and application of suitable accounting policies and the development of reasonable accounting estimates. when necessary (See paragraphs A12 - A13 for guidance in this Standard).

08. This Standard does not address the responsibilities of management or those charged with governance and has no greater effect than the laws and regulations relating to their responsibilities. Aggregate services in accordance with this International Standard's guidelines and guidelines are performed on the basis that management or entity management (to the extent applicable) has understood and agreed to its responsibility as a basis for general service practitioners (See paragraphs A12 - A13 for guidance in this Standard).

09. Financial information that is subject to aggregate service may be requested to synthesize for many different purposes, including:

(a) Comply with the requirements for periodic and mandatory financial reporting and presentation by applicable laws and regulations; or

(b) For purposes other than those related to the preparation and presentation of the financial statements required by applicable laws and regulations, for example:

     (1) To management or those charged with those charged with governance, established on a basis consistent with the specific purpose of those charged with management or those charged with governance (e.g., preparing financial information for internal use only );

     (2) Prepare periodic financial statements to a third party under contract or other agreement (for example, financial statements provided to the donor organization at the request of donors);

     (3) To carry out transactions, such as transactions involving a change in ownership of a business or a change in financial structure (for example, mergers or acquisitions).

10. Different financial reporting frameworks can be used for the preparation and presentation of financial information, from small and medium business accounting bases to standards of preparation and presentation. Financial statements as required. The financial reporting framework used by management in preparing and presenting financial information will depend on the characteristics of the entity and the intended use of the financial information.See paragraphs A16 - A18 for guidance in this Standard).

Applicable basis

11. This Standard covers the practitioner's goal of complying with this Standard, which lays out the rationale for the rules and instructions of this Standard to help the practitioner understand the work to be performed. in general service.

12. This Standard consists of the section "General Regulations", the section "Content of the Standard" and the section "Instructions for Application" appropriate to the specific circumstances to help the reader understand correctly this Standard.

13. The requirements of the mandatory “Standard content” section must be applied to ensure that the practitioner meets the objectives.

14. The section “Instructions for application” explains more about the rules and the instructions for implementing them. Guidance sets out how to apply regulations appropriately. Application guidance may also provide information necessary to assist in understanding its requirements to support the application and compliance of this Standard.

15. Practitioners shall comply with the provisions and instructions of this Standard in agreeing to and performing contracts for financial information synthesis services.

Users of services (customers) and related entities and individuals shall have the necessary understanding of the requirements and regulations of this Standard to coordinate work and deal with relationships. Involving financial information aggregation service agreements and performance.