Whenever COPAS has issued a new model form, it has discontinued selling the form that was being replaced. This is a long-standing practice. In this case, the 2005 model form replaced the 1984 & 1986 forms.

We recognize that it may take a while for companies to adopt the 2005 and some may prefer to continue using the 1984/1986 forms for a while longer. But continuing to sell the old forms being replaced provides less incentive for companies to adopt the new form. Moreover, COPAS members who are active and knowledgeable in joint interest and audit issues generally prefer the 2005 form.

COPAS offers MFI-51, “2005 Accounting Procedure,” as a resource for those interested in learning more about the form. Also, COPAS members periodically make presentations in various industry forums and have written articles for a number of industry publications on key features of the form.