IAASB standard on reviews of interim information

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12 Jul 2005

The International Auditing and Assurance Standards Board (IAASB) has released a new International Standard on Review Engagements (ISRE) to assist auditors engaged to review the interim financial information of an audit client.

ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity outlines the general principles of a review of interim financial information, provides guidance on the procedures to be performed, and prescribes the content of the review report. In addition, an appendix to the standard includes examples of an engagement letter, management representation letter, analytical procedures the auditor may consider when performing the review, and illustrative review reports. ISRE 2410 is effective for engagements to review the interim financial information of an audit client for periods beginning on or after 15 December 2006. Click for Press Release (PDF 77k).

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