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IAASB: Proposed Revisions to ISRE 2410 to strengthen Interim Review Engagements
- 12 May 2026
- Legal and Compliance
- South African Accounting Academy
The proposed revisions represent the first comprehensive review of the standard since its issuance in 2005. These proposed revisions reflect changes in the global environment and improvements to the audit and assurance model made over the last two decades, and seek to reinforce confidence in interim review engagements by clarifying expectations, strengthening consistency in practice, and improving communication to users.
Key proposals include a clearer articulation of what an interim review engagement is and how it differs from a financial statement audit. They also include enhanced requirements in areas of high public interest, such as going concern, fraud, and non-compliance with laws and regulations (NOCLAR). Investors and other users will also benefit from improved transparency in the auditor’s interim review report. Additional enhancements include requirements related to engagement-level quality management, determining materiality for planning and performing an engagement, and group interim review engagements.
The IAASB coordinated closely with the International Ethics Standards Board for Accountants (IESBA) in developing these proposals to align the standard and ethics considerations for interim review engagements. The consultation also seeks stakeholder input on two matters related to the application of the IESBA Code of Ethics to interim review engagements.
The IAASB encourages stakeholders to review the proposals carefully and provide their views using the Response Form available on the IAASB website. Stakeholder feedback through this public consultation will help ensure the revised standard is clear, practical, and globally operable.
Comments are due by 3 September 2026.
Access the 54-page Explanatory Memorandum at https://ifacweb.blob.core.windows.net/publicfiles/2026-05/IAASB-Proposed-ISRE-2410-Revised-Explanatory-Memorandum.pdf
Access the ED 2410 Response form at https://www.iaasb.org/publications/login/80278
Click here to download the 93-page Exposure Draft:
https://ifacweb.blob.core.windows.net/publicfiles/2026-05/IAASB-ISRE-2410-Revised-Exposure-Draft.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- As an accountant, auditor and independent reviewer, you need to comply with International Standards of Auditing, and other assurance and related standards.
- Failure to adhere to the standards may lead to disciplinary action.
- Auditors, Independent Reviewers and Accountants should be aware of the latest auditing and assurance work.
- These proposed amendments address recent revisions to the IESBA Code related to using the work of an external expert.