The Accounting & Ethical Standards Board (APESB) has invited comments on a proposed standard, which would affect members who prepare prospective financial information for inclusion in a prospectus or product disclosure statement. 
 
Details of the proposed APES 345 Prospectuses and Reports on Profit Forecasts can be found in Exposure Draft 02/08  
 
When finalised, the new standard will replace Professional Statement F.2 Prospectuses and Reports on Profit Forecasts. The exposure draft seeks to apply APESB drafting conventions to the existing provisions of F.2, but has also expanded upon the requirements of members who prepare prospective financial information for inclusion in public disclosure documents. The exposure draft has defined these types of engagements as reporting service engagements.  
 
Comments must be submitted to the APESB before Wednesday, 16 July 2008. 
 
Relevant links

• APESB: exposure drafts