FIN.17:11 - SoTA-Echoing

MA supplies purpose-qualified forecasts and account differences; FDM distinguishes descriptions from financial positions and events. FIN.17 adopts these distinctions to update relied-on finance conclusions. Compared with blanket refresh or input-only replacement, it follows the action-changing consequence; a changed method basis invokes FIN.18.

ICAEW’s Financial Modelling Code, 2024 develops readable model flows, separation of actual and forecast data, and checks directed at possible errors. FIN.17 uses those contributions for updating a relied-on financial result and its consumers. For models implemented outside spreadsheets, retain the applicable principles and choose checks that fit that implementation. Actual financial terms and effects remain supplied through FDM and the direct FIN Methods; MA.4–6 supply account and forecast meanings. A changed model assumption, contractual condition or receiving use can reopen the refresh.