JICPA issued Auditing and Assurance Practice Committee Research Report No. 23 "Research Report on Assurance Services Related to Statement of Cash Flows for Contributions Received"
January 26, 2012
JICPA issued, on December 5th 2011, the Auditing and Assurance Practice Committee Research Report No. 23, "Research Report on Assurance Services Related to the Statement of Cash Flows for Contributions Received."
The report was published after a careful review of the assurance services provided by CPAs and audit firms relating to the statement of cash flows for contributions received. This was to respond to the demand for transparent financial representations of not-for-profit-organizations as well as other institutions and organizations that collect contributions for the Great East Japan Earthquake that struck Japan on March 11th 2011.
The report is available only in Japanese.