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ISCA Invites Comments on IAASB’s Exposure Draft: Proposed ISRE 2410 (Revised)

The International Auditing and Assurance Standards Board (IAASB) has released the Exposure Draft (ED) on revisions to International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information by the Independent Auditor of the Entity’s Annual Financial Statements for public consultation.

 The proposed revisions represent the first comprehensive review of the standard since its issuance in 2005. These proposed revisions reflect changes in the global environment and improvements to the audit and assurance model made over the last two decades.

Key proposals include:

  • a clearer articulation of what an interim review engagement is and how it differs from a financial statement audit
  • enhanced requirements in areas of high public interest, such as going concern, fraud, and non-compliance with laws and regulations (NOCLAR)
  • improved transparency in the auditor’s interim review report

 

Additional enhancements include requirements related to engagement-level quality management, determining materiality for planning and performing an engagement, and group interim review engagements.

The IAASB coordinated closely with the International Ethics Standards Board for Accountants (IESBA) in developing these proposals to align the standard and ethics considerations for interim review engagements. The consultation also seeks stakeholder input on two matters related to the application of the IESBA Code of Ethics to interim review engagements.

ISCA invites comments to be submitted to professionalstandards@isca.org.sg by 3 July 2026.

Please click here for the IAASB ED.