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FINANCIAL STATEMENTS REPORTS OF THE EXTERNAL
Full accrual is considered best accounting practice by international organizations for the public as well as for the private sector. IPSAS include detailed
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Matrix comparing International Standards on Auditing (ISA)
(1) States that the audit was conducted in accordance with generally accepted auditing standards. Page 13. Matrix of ISA 805, Proposed SAS, and AU section 623.
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805 ILCS 5/7.75
financial statements are available, the corporation shall mail such financial statements within 14 days after they become available, but in any event within
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