Guide to Review Engagements

IFAC has issued a Guide to Review Engagements

The International Federation of Accountants (IFAC) has issued a Guide to Review Engagements, which coincides with the updated standard ISRE 2400 (Revised). 

IFAC suggest that a review engagement 'is another form of assurance that can meet the needs of some SMEs without putting an undue strain on time and other resources' which provides 'some level of independent assurance to increase the credibility of their [SME’s] financial statements'. 

The guidance is aimed at supporting practitioners and contains examples, work programmes, extracts from the standard and checklists.

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