Reviews of Interim Financial Information
We are seeking your comments on proposed International Standard on Review Engagements (ISRE) 2410 (Revised), Review of Interim Financial Information Performed by the Independent Auditor of the Entity’s Annual Financial Statements (ED-2410).
What is changing and why?
The revision of ISRE 2410 aims to strengthen trust in interim financial reporting. It does this by strengthening the consistency and rigour of how auditors perform and report on the review of interim financial information.
Key proposals include:
- Going concern - enhanced requirements relating to the auditor’s work effort on going concern in interim review engagements and increased transparency in the interim review report relating to going concern
- Fraud - more explicit responsibilities for the auditor when becoming aware of fraud or suspected fraud during an interim review engagement
- Component auditors - new or enhanced provisions addressing the use of component auditors in interim review engagements.
We plan to adopt the revised international standard once it is finalised
The revised international standard will replace New Zealand Standard on Review Engagements (NZ SRE) 2410, Review of Financial Statements Performed by the Independent Auditor of the Entity.
The XRB’s strategy is to adopt international standards where appropriate to ensure global consistency, credibility and confidence in New Zealand’s financial reporting and assurance framework. International alignment promotes comparability of assurance outcomes across jurisdictions and supports New Zealand’s participation in global capital markets.
Our NZ consultation document explains how ED-2410 differs from NZ SRE 2410
Accessing the Exposure Draft
Proposed International Standard on Review Engagements 2410 (Revised)
Read the IAASB Explanatory memorandum
Read the NZ consultation document
How to provide feedback
Submissions to the XRB close on Wednesday 15 July 2026.
You can also send your comments directly to the IAASB by Thursday 3 September 2026. If you do, sending a copy of your submission to the XRB via assurance@xrb.govt.nz would be appreciated.
All submissions will be published on the XRB website unless confidentiality is requested. If you object to the release of any information in your submission, please identify the specific parts and the reasons under the Official Information Act 1982. We reserve the right not to publish defamatory submissions. Submissions are subject to the Official Information Act 1982 and the Privacy Act 2020. The XRB will handle personal information in accordance with these Acts.