Basis of Presentation note for Compilations engagements under CSRS 4200s

Hi,

We’ve noticed the formula in the opening paragraph of the Basis of Presentation note for Compilation engagements under CSRS 4200 is missing a reference to the “Income” when referencing the Income Statement and then has the words “of for the year ended”; I’ve copied and pasted the paragraph below and bolded the section I’m referring to:

“The basis of accounting applied in the preparation of the balance sheet of Test 123 as at December 31, 2021, and the statement of for the year then ended is the historical cost basis and reflects cash transactions with the addition of”

I’ve copied and pasted the wording they provided in the CPA Handbook below:

The basis of accounting applied in the preparation of the balance sheet of ABC Company as at December 31, 20X1, and the income statement for the year then ended, is on the historical cost basis, reflecting cash transactions with the addition of the following:

Is there an update or fix for this formula?

Thanks

Hello Travis,

Here is our current basis of presentation note opening paragraph:

If you would like to suggest updates to this note please submit your feedback to our design team online at : https://www.jazzit.com/fixit/