SAS 42 Section 552 Reporting on Condensed Financial Statements and Selected Financial Data

This section provides guidance on reporting in a client-prepared document
on
a. Condensed financial statements (either for an annual or an interim
period) that are derived from audited financial statements of a public
entity1 that is required to file, at least annually, complete audited
financial statements with a regulatory agency.

b. Selected financial data that are derived from audited financial statements
of either a public or a nonpublic entity and that are presented
in a document that includes audited financial statements (or, with respect
to a public entity, that incorporates audited financial statements
by reference to information filed with a regulatory agency).