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AICPA American Institute of Certified Public Accountants Supplementary Information Required by the Financial Accounting Standards Board 1. The Financial Accounting Standards Board ( FASB) develops standards for financial reporting, including standards for financial statements and for certain other information supplementary to financial statements. 1 This Statement provides the independent auditor with guidance on the nature of procedures to be applied to supplementary information required by the FASB, and it describes the circumstances that would require the auditor to report concerning such information. 2. This Statement is applicable in an examination in accordance with generally accepted auditing standards of financial statements 1In recognition of the FASB's role of setting standards for financial reporting, the AICPA Council has approved the following resolution: That the Auditing Standards Board shall establish under Statements on Auditing Standards the responsibilities of members with respect to standards for disclosure of financial information outside of financial statements in published financial reports containing financial statements. For this purpose, the Council designates the FASB as the body under rule 204 of the Rules of Conduct to establish standards for the disclosure of such information. Copyright © 1980 by the American Institute of Certified Public Accountants, Inc. 1211 Avenue of the Americas, New York, N. Y. 10036 Applicability Statement on Auditing Standards Issued by the Auditing Standards Board December 1979 27