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TITLE: 96/2018: Updated Malaysian Approved Standard on Review Engagements and Malaysian Approved Standard on Related Services

DATE: 05/12/2018

5 December 2018
Circular No. 96/2018

TO ALL ACCOUNTANTS

UPDATED MALAYSIAN APPROVED STANDARD ON REVIEW ENGAGEMENTS AND MALAYSIAN APPROVED STANDARD ON RELATED SERVICES

The Malaysian Approved Standards on Quality Control, Auditing, Review, Other Assurance and Related Services (Malaysian Approved Standards) are adopted on a timely basis from the International Standards (IS) issued by the International Auditing and Assurance Standards Board (IAASB). When a new or revised Standard is issued by the IAASB, the said Standard may result in conforming amendments or revision to another Standard. When the IAASB issues its Handbook, the Standards are updated for these changes to enhance their readability. There is no significant change to the Standards taken as a whole.

Accordingly, the Institute is updating the Malaysian Approved Standards to enhance the readability of the Standards. The exercise is being carried out on a staggered basis. The Institute has recently approved the following Malaysian Approved Standard on Review Engagements and Malaysian Approved Standard on Related Services:

ISRE 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity
ISRS 4400, Engagements to Perform Agreed-upon Procedures Regarding Financial Information

The changes of substance from the previous issued Standard are addressed in the foreword of each Standard.

Members can download the updated Malaysian Approved Standards from the Institute's website at www.mia.org.my under Professional Practices and Technical / Auditing and Assurance / Standards.

Please be guided accordingly.

DR. NURMAZILAH DATO' MAHZAN
Chief Executive Officer

Description: ISRE 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity
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Format: PDF
Size: 702 KB

Description: ISRS 4400, Engagements to Perform Agreed-upon Procedures Regarding Financial Information
⇓ Download
Format: PDF
Size: 153 KB