Statement on auditing standards, 071

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA
American Institute of Certified Public Accountants
Interim Financial Information
( Supersedes Statement on Auditing Standards Nos. 36 and 66, AICPA,
Professional Standards, vol. 1, AU sec. 722.)
CONTENTS OF STATEMENT
Paragraph
Introduction 1- 2
Applicability 3- 6
Understanding With the Client 7
Characteristics of Interim Financial Information 8
Objective of a Review of Interim Financial Information 9
The Accountant's Knowledge of Internal Control
Structure Policies and Procedures 10- 11
Procedures for a Review of Interim
Financial Information 12- 19
Nature of Procedures 13
Timing of Procedures 14
Extent of Procedures 15- 19
Communication With Audit Committees 20- 25
The Accountant's Report on a Review of
Interim Financial Information 26- 34
Form of Accountant's Review Report 27- 29
Modification of the Accountant's Review Report 30- 32
Other Information in Documents Containing
Interim Financial Information 33
Copyright © 1992 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036- 8775
1234567890 AudS 998765432
May 1992 71