Review

audit

 

 

The XRB has also issued standards for reviews in their ISRE NZ 2400 Review of Historical Financial Statements Performed by an Assurance Practitioner.

The lower level of assurance in a review, is because the balance sheet is internally verified to the organizations own supporting schedules, and the profit and loss is only examined on an analytic basis, by comparing the current year to a previous year.

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Accounting Records Required for a Review