INTERNATIONAL STANDARD ON REVIEW
ENGAGEMENTS 2410
REVIEW OF INTERIM FINANCIAL INFORMATION PERFORMED BY THE INDEPENDENT AUDITOR OF THE
ENTITY
(Effective for reviews of interim financial information for periods
beginning on or after December 15, 2006.
Earlier adoption is permissible.)∗
CONTENTS
Paragraph Introduction ..................................................................................................... 1-3 General Principles of a Review of Interim Financial Information ................... 4-6 Objective of an Engagement to Review Interim
Financial Information ............................................................................... 7-9 Agreeing the Terms of the Engagement ........................................................... 10-11 Procedures for a Review of Interim Financial Information ............................. 12-29 Evaluation of Misstatements ............................................................................ 30-33 Management Reprentations .......................................................................... 34-35 Auditor’s Responsibility for Accompanying Information ............................... 36-37 Communication ................................................................................................ 38-42 Reporting the Nature, Extent and Results of the Review of Interim Financial Information ............................................................................................... 43-63 Documentation . (64)行政管理专业
Effective Date (65)
Appendix 1: Example of an Engagement Letter for a Review of
Interim Financial Information钢琴家李云迪
∗ISRE 2410 gave ri to a conforming amendment to ISA 210, “Terms of Audit Engagements” that is effective for audits of financial statements for periods beginning on or after December 15, 2006. It also gave ri to conforming amendments to ISRE 2400, “Engagement to Review Financial Stateme
nts” that are effective for reviews of financial statements for periods beginning on or after December 15, 2006.
The amendments have been incorporated in the text of ISA 210 and ISRE 2400.
Paragraph 3a and footnote 4 were inrted in this ISRE in December 2007 to clarify the application of the ISRE.
ISRE 2410
879
REVIEW OF INTERIM FINANCIAL INFORMATION PERFORMED
BY THE INDEPENDENT AUDITOR OF THE ENTITY
保持微笑Appendix 2: Analytical Procedures the Auditor May Consider When
Performing a Review of Interim Financial Information
Appendix 3: Example of a Management Reprentation Letter
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Appendix 4: Examples of Review Reports on Interim Financial Information Appendix 5: Examples of Review Reports with a Qualified Conclusion for a Departure from the Applicable Financial Reporting Framework
Appendix 6: Examples of Review Reports with a Qualified Conclusion for a Limitation on Scope Not Impod by Management
Appendix 7: Examples of Review Reports with an Adver Conclusion for a Departure from the Applicable Financial Reporting Framework
International Standard on Review Engagements (ISRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” should be read in the context of the “Preface to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services,” which ts out the application and authority of ISREs.
ISRE 2410 880
REVIEW OF INTERIM FINANCIAL INFORMATION PERFORMED
BY THE INDEPENDENT AUDITOR OF THE ENTITY
ISRE 2410 881
Introduction
1. The purpo of this International Standard on Review Engagements (ISRE) is to
establish standards and provide guidance on the auditor’s professional responsibilities when the auditor undertakes an engagement to review interim financial information of an audit client, and on the form and content of the report. The term “auditor” is ud throughout this ISRE, not becau the auditor is performing an audit function but becau the scope of this ISRE is limited to a review of interim financial information performed by the independent auditor of the financial statements of the entity.
2. For purpos of this ISRE, interim financial information is financial information
that is prepared and prented in accordance with an applicable financial reporting framework 1 and compris either a complete or a condend t of financial statements for a period that is shorter than the entity’s financial year.
3. The auditor who is engaged to perform a review of interim financial
information should perform the review in accordance with this ISRE. Through performing the audit of the annual financial statements, the auditor obtains an understanding of the entity and its environment, including its internal control. When the auditor is engaged to review the interim financial information, this understanding is updated through inquiries made in the cour of the review, and assists the auditor in focusing the inquiries to be made and the analytical and other review procedures to be applied. A practitioner who is engaged to perform a review of interim financial information, and who is not the auditor of the entity, performs the review in accordance with ISRE 2400, “Engagements to Review Financial Statements.” As the practitioner does not ordinarily have the same understanding of the entity and its environment, including its internal control, as the auditor of the entity, the practitioner needs to carry out different inquiries and procedures to meet the objective of the review.
3a. This ISRE is directed towards a review of interim financial information by an
悬铃花entity’s auditor. However, it is to be applied, adapted as necessary in the circumstances, when an entity’s auditor undertakes an engagement to review historical financial information other than interim financial information of an audit client.
99的英文General Principles of a Review of Interim Financial Information
4. The auditor should comply with the ethical requirements relevant to the
audit of the annual financial statements of the entity. The ethical requirements govern the auditor’s professional responsibilities in the following
1 For example, International Financial Reporting Standards as issued by the International Accounting
Standards Board.
REVIEW OF INTERIM FINANCIAL INFORMATION PERFORMED
BY THE INDEPENDENT AUDITOR OF THE ENTITY
areas: independence, integrity, objectivity, professional competence and due care, confidentiality, professional behavior, and technical standards.
5. The auditor should implement quality control procedures that are
applicable to the individual engagement. The elements of quality control that
are relevant to an individual engagement include leadership responsibilities for
quality on the engagement, ethical requirements, acceptance and continuance of
client relationships and specific engagements, assignment of engagement teams,
engagement performance, and monitoring.
6. The auditor should plan and perform the review with an attitude of
professional skepticism,recognizing that circumstances may exist that cau the interim financial information to require a material adjustment
for it to be prepared, in all material respects, in accordance with the applicable financial reporting framework. An attitude of professional skepticism means that the auditor makes a critical asssment, with a questioning mind, of the validity of evidence obtained and is alert to evidence
that contradicts or brings into question the reliability of documents or reprentations by management of the entity.
Objective of an Engagement to Review Interim Financial Information
7.The objective of an engagement to review interim financial information is to
enable the auditor to express a conclusion whether, on the basis of the review,
anything has come to the auditor’s attention that caus the auditor to believe
that the interim financial information is not prepared, in all material respects, in
accordance with an applicable financial reporting framework. The auditor makes inquiries, and performs analytical and other review procedures in order
to reduce to a moderate level the risk of expressing an inappropriate conclusion
when the interim financial information is materially misstated.
8.The objective of a review of interim financial information differs significantly
from that of an audit conducted in accordance with International Standards on
Auditing (ISAs). A review of interim financial information does not provide a
basis for expressing an opinion whether the financial information gives a true
and fair view, or is prented fairly, in all material respects, in accordance with
an applicable financial reporting framework.
9. A review, in contrast to an audit, is not designed to obtain reasonable assurance
that the interim financial information is free from material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review may bring significant matters affecting the interim financial information to the auditor’s attention, but it does not provide all of the
evidence that would be required in an audit.
ISRE 2410 882
REVIEW OF INTERIM FINANCIAL INFORMATION PERFORMED
BY THE INDEPENDENT AUDITOR OF THE ENTITY
ISRE 2410 883 Agreeing the Terms of the Engagement
10. The auditor and the client should agree on the terms of the engagement.
11. The agreed terms of the engagement are ordinarily recorded in an engagement
letter. Such a communication helps to avoid misunderstandings regarding the nature of the engagement and, in particular, the objective and scope of the review, management’s responsibilities, the extent of the auditor’s responsibilities, the assurance obtained, and the nature and form of the report. The communication ordinarily covers the following matters:
电池充不满
• The objective of a review of interim financial information.
• The scope of the review.
• Management’s responsibility for the interim financial information.
• Management’s responsibility for establishing and maintaining effective internal control relevant to the preparation of interim financial
information.
• Management’s responsibility for making all financial records and related information available to the auditor.
• Management’s agreement to provide written reprentations to the auditor to confirm reprentations made orally during the review, as well
as reprentations that are implicit in the entity’s records.
• The anticipated form and content of the report to be issued, including the identity of the addre of the report.
与冬天有关的诗句• Management’s agreement that where any document containing interim financial information indicates that the interim financial information has
been reviewed by the entity’s auditor, the review report will also be
included in the document.
An illustrative engagement letter is t out in Appendix 1 to this ISRE. The terms of engagement to review interim financial information can also be combined with the terms of engagement to audit the annual financial statements.
Procedures for a Review of Interim Financial Information
Understanding the Entity and its Environment, Including its Internal Control
12. The auditor should have an understanding of the entity and its
environment, including its internal control, as it relates to the preparation of both annual and interim financial information, sufficient to plan and conduct the engagement so as to be able to:
(a) Identify the types of potential material misstatement and consider the
likelihood of their occurrence; and
