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Review engagements
2.1 Review of financial statements and interim financial statements
Review of financial Review of interim financial
statements statements
Professional ISRE 2400 Engagements to ISRE 2410 Review of Interim
guidance Review Historical Financial Financial Information
Statements Performed by the Independent
Auditor of the Entity
Which Companies which do not In many countries, listed
companies require a statutory audit may companies are required to
have a review of its financial publish a half-yearly interim
statements in order to provide report containing a summarised
some assurance and improve statement of profit or loss for
credibility of the financial the first six months of the
statements. financial year as well as certain
statement of financial position
information and notes.
Objective ‘The objective of a review of ‘The objective of an
financial statements is to engagement to review interim
enable an auditor to state financial information is to
whether, on the basis of enable the auditor to express a
procedures that do not provide conclusion whether, on the
all the evidence that would be basis of the review, anything
required in an audit, anything has come to the auditor’s
has come to the auditor’s attention that causes the
attention that causes the auditor to believe that the
auditor to believe that the interim financial information is
financial statements are not not prepared, in all material
prepared, in all material respects, in accordance with an
respects, in accordance with an applicable financial reporting
identified financial reporting framework.’
framework.’
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