Understanding scope of Interim Financial Statements.

Elements of Interim Statements.

According to the International Accounting Standard 34(IAS 34), an Interim financial statement consists of either a complete set of financial statements as mentioned in the IAS Presentation of Financial Statements, or it should have a set of consolidated financial statements for a defined interim period. An independent auditor is free to express a negative assurance opinion on the review of interim financial information. Also, he/she can offer interim financial solutions based on the indications reflected by the interim financial statements.

Original source : https://www.resurgentindia.com/understanding-scope-of-interim-financial-statements