Issued by the Auditing Standards Executive Committee
AICPA American Institute of
Certified Public Accountants
Review of Interim
1. This Statement provides guidance on the nature, timing, and
extent of procedures to be applied by the independent accountant in
conducting a review of interim financial information and on the reporting
applicable to such engagements.
2. Interim financial information may be presented alone or may
accompany, or be included in a note to, audited financial statements.
This Statement applies to reviews of interim financial information
a. That is presented alone, including interim financial statements
and summarized interim financial data that purport to conform
with the provisions of Accounting Principles Board Opinion No.
28, as amended, and that is issued by a public entity to stock-
Note: This Statement supersedes Statement on Auditing Standards No. 24,
Review of Interim Financial Information, issued in March 1979. The changes
are in response to revisions of Regulation S- K of the Securities and Exchange
Commission and deal with the effects on the auditor's report when interim
financial information accompanies audited financial statements. The guidance
in SAS No. 24, paragraphs 3 to 23 and 29 to 31, on the accountant's procedures
for a review of interim financial information and the form of the accountant's
review report have not been changed; they appear as paragraphs 3 to 23 and
31 to 33 of this Statement.
Copyright © 1981 by the
American Institute of Certified Public Accountants, Inc.
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