[The following paragraph was effective before December 31, 2016. See PCAOB Release No. 2015-002. The current standard can be found here.]


A client may publish annual reports containing MD&A and other documents to which the practitioner, at the client's request, devotes attention. See section 101.91-.94 for pertinent guidance in these circumstances. See Appendix D [paragraph .117], “Comparison of Activities Performed Under SAS No. 8, Other Information in Documents Containing Audited Financial Statements, Versus a Review or an Examination Attest Engagement.” The guidance in AU section 711, Filings Under Federal Securities Statutes, is pertinent when the practitioner's report on MD&A is included in a registration statement, proxy statement, or periodic report filed under the federal securities statutes.