Wiley Practitioner's Guide to GAAS 2022

48AU-C 930 Interim Financial Information

• Scope
• Definition of Term
• Objective of AU-C Section 930
• Requirements
  • Determining Appropriateness of the Financial Reporting Framework
  • Establishing an Understanding with Client
  • Engagement Letter
  • Knowledge of the Entity's Business and Internal Control
  • Required Review Procedures
  • Inquiries Concerning Litigation, Claims, and Assessments
  • Inquiries Concerning Going Concern Issues
  • Extension of Interim Review Procedures
  • Timing of Review Procedures and Coordination with the Audit
  • Evaluating the Results of Interim Review Procedures
  • Written Representations from Management
  • Required Communications
  • Subsequent Discovery of Facts Existing at the Date of Report
• Auditor's Report
  • Form of Auditor's Review Report
  • Reference to Report of Another Auditor
  • Modification of the Review Report
  • Client Representation about Auditor's Review
• Interim Financial Information Accompanying Audited Financial Statements
  • Presentation of Interim Financial Information
  • The Auditor's Report
• Documentation
• AU-C 930 Illustrations

SCOPE

AU-C 930 discusses the auditor's responsibilities when conducting a review of interim financial information. AU-C 930 applies when:

• The entity's latest annual financial statements have been audited by the auditor or a predecessor;
• The auditor has been engaged to audit the entity's current year financial statements, or the auditor audited the entity's latest annual financial statements and expects to audit the current year financial statements; ...