interim financial info Flashcards
interim financial info
financial info prepared and presented in accordance with an applicable financial reporting framework that comprises either a condensed or complete set of f/s covering a period or periods less than one full year or covering a 12 month period ending on a date other than the entity’s fiscal year end.
Identify the auditor’s responsibilities when engaged to report on an entity’s interim financial information.
2. Identify the reporting language that would be appropriate when issuing a review report on an audit entity’s interim financial information.
f
typical report structure
title addressee 4 paragraphs report on the f/s managements responsibility auditor's responsibility conclusion (expressed as negative assurance) signature (firm name) city, state, date.
objective
obtain a basis for reporting wether or not the auditor is aware of any material modifications that should be made to the interim financial info to be in accordance with applicable reporting framework