Standards on Auditing - Review of Financial Information and Prospective financial information

Related Services and Review of Financial Information refer to professional engagements performed by chartered accountants that involve limited assurance or no assurance engagements distinct from a full statutory audit. Under the framework issued by the Institute of Chartered Accountants of India, review engagements governed by standards such as SRE 2400 and SRE 2410 involve primarily analytical procedures and inquiries to provide limited assurance, expressed as a negative conclusion that nothing has come to the practitioner’s attention indicating that the financial statements are materially misstated. Related services, covered under standards like SRS 4400 and SRS 4410, include engagements where the practitioner performs specific procedures agreed with the client or compiles financial information without expressing assurance. These services provide stakeholders with varying levels of comfort depending on the scope and purpose of the engagement.

SESSION 1

https://www.youtube.com/live/W5qh8kzB0FE?si=jVzgJ04UMBka2tnV

SESSION 2

https://www.youtube.com/live/IXjLWe0gBKk?si=1PRY7QwyjPDfZj7t