Page 611 - Auditing Standards

As of December 15, 2017
[20] [Footnote deleted.]

21 See 15 U.S.C. § 78j-1.

[22] [Footnote deleted.]

23 The schedule of uncorrected misstatements related to accounts and disclosures provided to the audit

committee should be the same schedule that was included in or attached to the management representation
letter that is described in paragraph .24(k) of this section.

24 Paragraphs .37 through .46 of this section provide reporting guidance for a review of interim financial
information; however, an accountant is not required to issue a report on such engagements.

24A See SEC Rule 2-02(a) of Regulation S-X, 17 C.F.R. § 210.2-02(a).

24B Id.

25 Other reporting issues related to the dating of reports or subsequent events are similar to those

encountered in an audit of financial statements. See AS 3110, Dating of the Independent Auditor's Report, and
AS 2801, Subsequent Events.

26 If interim financial information of a prior period is presented with that of the current period and the

accountant has conducted a review of that information, the accountant should report on his or her review of the
prior period. An example of the first sentence of such a report follows: "We have reviewed … of ABC Company
and consolidated subsidiaries as of September 30, 20X1 and 20X2, and for the three-month and nine-month
periods then ended...."

27 Regulation S-X specifies that the following financial information should be provided in filings on Form 10-
Q:

a. An interim balance sheet as of the end of the most recent fiscal quarter and a balance sheet as of the end
of the preceding fiscal year that may be condensed to the same extent as the interim balance sheet.

b. Interim condensed statements of income for the most recent fiscal quarter, for the period between the end
of the preceding fiscal year and the end of the most recent fiscal quarter, and for the corresponding periods
of the preceding fiscal year.

c. Interim condensed cash flow statements for the period between the end of the preceding fiscal year and
the end of the most recent fiscal quarter and for the corresponding period for the preceding fiscal year.

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