Issued by the Auditing Standards Executive Committee
American Institute of
Certified Public Accountants
Limited Review of Interim
1. Independent certified public accountants may be involved with
a client's interim financial information in a variety of ways. Involvement
may be limited to informal consultation on matters that arise
as interim financial information is being prepared, such as advice on
accounting principles or disclosure. At the other extreme, involvement
may include an examination of interim financial statements in
accordance with generally accepted auditing standards. This Statement
provides guidance concerning a limited type of formal involvement
with interim financial information that is considerably
different from an audit.
Purpose and Applicability
2. This Statement describes the nature, timing and extent of procedures
that the independent certified public accountant should apply
to interim financial information when the accountant has been
engaged to make a limited review of that information.
3. This Statement applies to limited reviews of interim financial
information, including interim financial statements and summarized
Copyright © 1976 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036