Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (July 2020)
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CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON REVIEW ENGAGEMENTS
Paragraphs
Application.................................................................1
Operative Date..............................................................2
Introduction
Scope of this Auditing Standard on Review Engagements................................3
Objective..................................................................4
Definitions.................................................................5
Requirements
Performing a Review.........................................................6-7
General Principles of a Review of a Financial Report.................................8-10
Agreeing the Terms of the Engagement..........................................11-12
Procedures for a Review of a Financial Report.....................................13-14
Materiality.................................................................15
Enquiries, Analytical and Other Review Procedures.................................16-21
Comparatives – First Financial Report.............................................22
Evaluation of Misstatements....................................................23
Written Representations.....................................................24-25
Auditor’s Responsibility for Other Information....................................26-27
Communication...........................................................29-32
Reporting the Nature, Extent and Results of the Review of a Financial Report..............33-39
Departure from the Applicable Financial Reporting Framework........................40-41
Limitation on Scope..........................................................42
Limitation on Scope Imposed by Management.....................................43-47
Other Limitations on Scope Not Imposed by Management...............................48
Going Concern and Material Uncertainties.......................................49-51
Emphasis of Matter Paragraph................................................52-53
Other Matter Paragraph........................................................54
Documentation..............................................................55
Application and Other Explanatory Material
Objective...............................................................A1-A3