Skip to main content

Posts

Showing posts from November 13, 2011

ISRE 2400: Engagements to review financial

 By soft skills ISRE 2400: Engagements to review financial statements 2.1 A review will enable the auditor to state that nothing has come to his attention that causes him to believe that the financial statements are not prepared in accordance with an identified financial reporting framework. This is known as negative assurance. 2.2 The auditor should plan and perform the review with an attitude of professional scepticism recognising that circumstances may exist which cause the financial statements to be materially misstated. 2.3 The auditor should obtain sufficient appropriate evidence primarily through enquiry and analytical procedures, to be able to draw conclusions. 2.4 The auditor and the client should agree on the terms of the engagement and an engagement letter should be signed.