Special purpose and other country framework question

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  • #2881506 Reply
    Andy1111111
    Participant

    Hi guys, May I ask a question
    On the Dual Opinion on Regulatory Basis, Does that GAAP opinion always be the adverse opinion? Thanks.

    #2886930 Reply
    aaronmoaaronmo
    Participant

    I don't understand your question. You're talking about adverse and also dual reporting (a weird area). As far as dual reporting requirements, it depends on the jurisdictions…new standards were issued a bit ago:

    Reporting on Audits Conducted Under Dual Standards

    AUD - 96
    BEC - 84
    FAR - 89
    REG - 86
    Aaron and always remember, YMMV

    I profit from your CPE frustration. You're welcome.

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