An accountant may report on interim information presented separately from audited financial statements.

Question

Quizplus · Accepted Answer

An accountant may report on interim information separately from audited financial statements in accordance with the requirements of the applicable financial reporting framework. Interim information refers to financial information that covers a period of less than a full financial year. The report may include unaudited financial statements, or financial information presented in a condensed format, or management's discussion and analysis of the financial results. The purpose of the report is to provide users with timely information on the company's financial performance and position between the annual reporting periods. The accountant's report may provide limited assurance or no assurance, depending on the engagement objectives and scope.

An Accountant May Report on Interim Information Presented Separately from Audited