ISRE 2400: Engagements to Review Historical Financial Statements provides guidelines for the practitioners to perform review engagement. The practitioners’ conclusion is based on the limited assurance obtained that an entity’s financialstatements are in accordance with an applicable financial reporting framework. (i) Distinguish between a review of financial statements and an audit engagement. (ii) The practitioner should plan and conduct a review engagement with an attitude of professional scepticism. Provide your comments.
ISRE 2400: Engagements to Review Historical Financial Statements provides guidelines for the practitioners to perform review engagement. The practitioners’ conclusion is based on the limited assurance obtained that an entity’s financialstatements are in accordance with an applicable financial reporting framework. (i) Distinguish between a review of financial statements and an audit engagement. (ii) The practitioner should plan and conduct a review engagement with an attitude of professional scepticism. Provide your comments.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
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ISRE 2400: Engagements to Review Historical Financial Statements provides
guidelines for the practitioners to perform review engagement. The practitioners’ conclusion is based on the limited assurance obtained that an entity’s financialstatements are in accordance with an applicable financial reporting framework.
(i) Distinguish between a review of financial statements and an audit
engagement.
(ii) The practitioner should plan and conduct a review engagement with an
attitude of professional scepticism. Provide your comments.
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