Consultation on revised review standard (ISRE (UK) 2410) for interim financial statements
Published: 26 November 2020
Response deadline: 19 February 2021
| Title | Consultation on revised review standard (ISRE (UK) 2410) for interim financial statements |
|---|---|
| Format | pdf, 507.0 KB |
The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of its review standard for interim financial statements, International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the Independent Auditor of the Entity.
The FRC has recently reviewed ISRE (UK) 2410 in the context of changes to auditing standards, particularly ISA (UK) 570 Going Concern. As a result, we are proposing to revise parts of ISRE (UK) 2410 to ensure that it remains fit for purpose in the current environment.
Our specific objective in performing this limited revision to ISRE (UK) 2410 was to address a potential lack of clarity in relation to going concern when performing a review of interim financial information.
Our revisions are limited to those areas which address going concern, however the FRC is interested in respondents’ views on a potentially more systematic revision of ISRE (UK) 2410 in the future, and as such, we welcome comments on both the specific revisions to ISRE (UK) 2410 and on reviews of interim financial statements as a whole.
The consultation runs until 19 February 2021.
20 May 2021 update
| Name | ISRE UK 2410 Feedback Statement |
|---|---|
| Publication date | 20 May 2021 |
| Type | Feedback paper |
| Format | PDF, 258.7 KB. View HTML version |
| Name | Revised International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the Independent Auditor of the Entity |
| Publication date | 20 May 2021 |
| Type | Standard |
| Format | PDF, 763.8 KB |