Compilation of Future-Oriented and Pro Forma Financial Information—Applying CSRS 4250
Forecasts, projections and pro forma financial information serve different purposes—and preparing them requires more than changing the title of a financial statement.
This practical, on-demand course guides practitioners through CSRS 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma. Follow the engagement from acceptance through preparation, presentation and reporting, with plain-language explanations, examples and practical tips for smaller accounting practices.
Particular attention is given to areas that require careful consideration: intended use and third-party users, the basis of accounting, management’s assumptions, and the practitioner’s responsibility to address information that appears misleading.
What you will learn

• Distinguish between a budget, forecast, projection and pro forma information.
• Determine whether an engagement falls within the standard and whether it can be accepted.
• Apply the third-party acceptance conditions and establish appropriate engagement terms.
• Understand the knowledge required about the entity and how management develops its assumptions.
• Prepare and present the financial information and accompanying notes.
• Address significant judgments, management’s final acknowledgment, reporting and documentation.
• Respond to relevant facts that become known after the information has been issued.

Course format and resources
The course includes approximately 1 hour and 45 minutes of recorded instruction, divided into five sections, with knowledge assessments completed separately. Supporting resources include an illustrative engagement letter with adaptation guidance and sample compilation engagement reports for forecasts, projections and pro forma information.
Estimated completion time: 2 hours, including recorded instruction and assessments.
Who should attend: Practitioners and accounting staff who prepare, supervise or review compilation engagements involving future-oriented or pro forma financial information. Familiarity with historical compilation engagements is helpful.
A certificate of completion is available upon completion of the course and successful completion of the required quizzes.

Compiling Forecasts and Projections—AuG-16
This course guides practitioners through the compilation of financial forecasts and projections under AuG-16, Compilation of a Financial Forecast or Projection. Practical examples, practice aids and sample correspondence illustrate engagement preparation, file documentation, financial statement presentation and reporting.
Please note: This is our earlier course based on AuG-16. It does not cover the new CSRS 4250 requirements. AuG-16 remains relevant for engagements where CSRS 4250 has not been adopted early, before its mandatory effective date for reports dated on or after July 1, 2028.
For training on the new standard, including compilation engagements on pro forma financial information, please see Compilation of Future-Oriented and Pro Forma Financial Information—Applying CSRS 4250.