IAASB amends standards on review engagements

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04 Feb 2008

The International Auditing and Assurance Standards Board (IAASB) has amended the following International Standards on Review Engagements (ISREs) to clarify to which engagements each respectively is to be applied:

  • ISRE 2400 Engagements to Review Financial Statements; and
  • ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity.
ISRE 2410 is amended to apply not only to reviews by the entity's auditor of interim financial information but also to the auditor's reviews of historical financial information.
ISRE 2400 is amended to restrict its scope to a review of any historical financial information performed by a practitioner who is not the entity's auditor. Click for Press Release (PDF 30k).


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