Statement:
Consultation on ISRE 2410 (Revised)

On 18 August 2026, the WPK submitted comments to the IAASB regarding the draft of the amended International Standard on Review Engagements 2410 (Revised) – Review of Interim Financial Information Performed by the Auditor of the Entity’s Annual Financial Statements.

Further Departure from the Principles-Based Approach

The WPK notes that while the proposed increase in regulatory density could contribute to a more uniform global approach to the review of interim financial statements, the WPK views this as a further departure from a principles-based approach in professional pronouncements. Due to the significantly increased requirements—particularly in the areas of fraud, subsequent events, and going concern—the distinctions between a review and an audit are becoming blurred, which could create or widen a gap in expectations. At the same time, the expanded requirements entail a considerable additional time and documentation burden without offering users any significant added value.