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FRC to look at review standard for interim financial statements

The Financial Reporting Council (FRC) is consulting on proposals to revise its review standard for interim financial statements, to ensure the level of work carried out by auditors reflects wider expectations on going concern.

FRC to look at review standard for interim financial statements
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The regulator said its specific objective in performing this limited revision to the  International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410 is to address a potential lack of clarity in relation to going concern when performing a review of interim financial information.

Read more at the Accountancy Daily

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