Auditors perform a Review of Interim Financial Statements to assist the Audit Committee in discharging its responsibility with respect to interim financial statements for publically traded companies who are registered with the provincial securities exchanges.

Required

The following are independent questions.

1. Who is the Review of Interim Financial Statements Report directed to? (2 marks).

2. Outline the procedures undertaken by the auditor in performing a review of interim financial statements (2 marks)

3. Explain the main content of a report. (11 marks)