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ICAEW releases TECH 09/13 AAF on assurance review engagements

  • ICAEW (Institute of Chartered Accountants in England and Wales) (lt green) Image

23 Oct 2013

The Institute of Chartered Accountants in England and Wales (ICAEW) has today issued TECH 09/13 AAF, which provides guidance to assist with compliance with ISRE 2400 (Revised) Engagements to Review Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB) in September 2012.

With the growth in the number of audit exempt companies over the last few years, there is a growing demand from companies which are not required to have their financial statements audited but nevertheless want some assurance over the information contained in them.  The revised version of ISRE 2400 was developed by the IAASB to provide a set of international standards for this type of engagement, which come into force for periods ending on or after 31 December 2013.

In response to the release of this standard, ICAEW has developed TECH 09/13 AAF, which provides guidance to assist with compliance with the revised standard, as well as illustrative letters and reports to support these engagements.  This new technical release supersedes TECH 03/06 AAF for periods ending on or after 31 December 2013.

Click here for a copy of TECH 09/13 AAF and here for general guidance on assurance review engagements (both links to ICAEW website).

 

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