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.
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.
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