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ARTICLE · 15 OCTOBER 2015

Technical Bulletin: October 2015 Part 2

Collins Barrow National Incorporated
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Section 7060, Auditor Review of Interim Financial Statements - effective for reviews of interim financial statements for interim periods of fiscal years beginning on or after December 15, 2014.

CanadaAccounting and Audit
Collins Barrow National Cooperative Inc.
Collins Barrow National Cooperative Inc.
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Assurance

New pronouncements

Section 7060, Auditor Review of Interim Financial Statements

Effective for reviews of interim financial statements for interim periods of fiscal years beginning on or after December 15, 2014

Replaces Section 7050 and contains requirements relating to agreeing to engagement terms, inquiries relating to fraud, procedures related to going concern, identification of risks of material misstatement and addressing those risks,  determination of materiality and accumulation and evaluation of misstatements,  communication with audit committee, management representations, addressing misstatements and misrepresentations In interim MD&A.

CSRS 4460 - Reports on Supplementary Matters  Arising from an Audit or a Review Engagement

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