A statement that the review of the interim financial information was conducted in ance with Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity,” and a statement that that such a review consists of making inquiries, primarily of ...
A review of financial statements in ance with SRE 2400 (Revised) is a limited assurance engagement. The practitioner performs procedures, primarily consisting of making inquiries of management and others within the entity, as appropriate, and applying analytical procedures, and evaluates the evidence obtained.
The purpose of SRE 2400 is to develop standards and offer guidance on the professional responsibilities of a practitioner's when he/she not being the auditor of the entity, assumes an engagement of reviewing the financial statements and SRE 2400 also prescribes the content and form of a report which practitioner issues ...
Standard on Review Engagements (SRE) 2400 (Revised), Engagements to Review Historical Financial Statements, should be read in conjunction with the Preface to the Standards on Quality Control, Auditing, Review, Other Assurance, and Related Services.
The service provider typically prepares the Letter of Engagement, be it a law firm, accounting agency, consultancy, or any professional offering services.
International Standard on Assurance Engagements (ISAE) 3000, “Assurance Engagements Other than Audits or Reviews of Historical Financial Information” should be read in the context of the “Preface to the International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services,” which sets out ...
The content of an engagement letter often includes important details such as the scope of services to be provided, fees or billing arrangements, confidentiality clauses, dispute resolution mechanisms, and any other relevant terms agreed upon by both parties.
Before accepting a new client or engagement, it is important to determine whether the acceptance may create any threats to compliance with the fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour, as described in the IRBA Code of Professional ...