International Standard on Review Engagements 2400 (Revised): Engagements to Review Historical Financial Statements

This revised standard deals with the practitioner’s responsibilities when engaged to perform a review of historical financial statements, when the practitioner is not the auditor of the entity’s financial statements, and the form and content of the practitioner’s report on the financial statements. The revised standard is effective for reviews of financial statements for periods ending on or after December 31, 2013.

An At a Glance Publication provides an overview of the revised standard, and a Staff-prepared Basis for Conclusions describes the IAASB’s deliberations during its development.