This text is divided into three chapters:
In Chapter 1, J. Russell Madray, CPA, CIA, CMA, and president of The Madray Group briefly reviews preparing and reporting on personal financial statement engagements. Russ discusses how engagements performed on personal financial statements differ from those of corporate entities.
Chapter 2 contains a guide to personal financial statements.
Chapter 3 contains review problems that help illustrate the topics covered in Chapters 1 and 2.
J. Russell Madray, CPA, CIA, CMA, CFM, is president of The Madray Group, which specializes in knowledge transfer. Mr. Madray has more than 15 years of professional experience, including 10 years in public practice. Mr. Madray is the author of numerous publications and articles on accounting and auditing topics, including the AICPA’s Compilation and Review Alert.