Ministry of Justice
On January 31, 2019 No. 53639
Appendix No. 41
to the Order of the Ministry of Finance of the Russian Federation of January 9, 2019 No. 2n
The International Standard of Survey Checks (ISSC) 2410 "The survey check of interim financial information which is carried out by the independent auditor of the organization" should be considered together with the Preface to the Collection of International standards of quality control, audit, survey checks, the other tasks providing confidence, and tasks on rendering the accompanying services.
1. The purpose of this International Standard of Survey Checks (ISSC) - to establish standards and to provide instructions of rather professional obligations of the auditor in case of accomplishment of task by it on conducting survey check of interim financial information of the audited organization, and also concerning conclusion form and content. The term "auditor" is used in this standard not because the auditor performs audit function and because the scope of this standard is limited to survey check of the interim financial information which is carried out by the independent auditor who books financial records audit of the organization.
2. For the purposes of this standard "interim financial information" - it is the financial information prepared and provided according to the applicable concept of preparation of the financial reporting <1>, including the complete or reduced set of financial statements for shorter period, than financial year of the organization.
<1> For example, the International accounting standards issued by Council for International accounting standards.
3. The auditor involved to task performance according to the overview of interim financial information shall carry out survey inspection according to this standard.
Auditing the annual financial reporting, the auditor receives understanding of the organization and its environment, including internal control system. When the auditor is involved in conducting survey check of interim financial information, the understanding received as a result of such studying is supplemented by the direction of requests in the course of accomplishment of survey check and helps it to create purposeful requests and to determine analytical and other survey procedures which need to be executed. The practicing expert involved to accomplishment of survey check of interim financial information and not being the auditor of the organization carries out check according to MSOP 2400 (reviewed) "Task on survey verifications of the financial reporting of last periods". As usually practicing specialist has no such understanding of the organization and its environment, including internal control system what the auditor of this organization has, the practicing specialist has need to send other inquiries and to perform other procedures for accomplishment of task of survey check.
3a. This standard regulates conducting survey check of the interim financial information which is carried out by the auditor of the organization. At the same time it is also applied (with the adjustments corresponding to circumstances) when the auditor of the organization is involved in task performance on survey check of the financial information of last periods other than interim financial information of the audited organization. <*>
<*> The Item 3a and footnote 4 were added to this standard in December, 2007 for clearing of procedure for its application.
General principles of survey check of interim financial information
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