APB issues a revision of SIR 2000 'Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information'
News types: Publications
Published: 24 March 2011
APB PN 148
The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) today issues a revision of Standards for Investment Reporting (SIR) 2000 ‘Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information’.
Richard Fleck, APB Chairman said:
The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) today issues a revision of Standards for Investment Reporting (SIR) 2000 ‘Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information’.
Richard Fleck, APB Chairman said:
“Where a reporting accountant intends to use the work of an auditor, SIR 2000 requires that the procedures of the auditor and the reporting accountant, taken together, should comply with the requirements of International Standards on Auditing (ISAs) (UK and Ireland). The revision of the SIR updates it to reflect the requirements of the clarified ISAs (UK and Ireland) that came into force for periods ending on or after 15 December 2010.”
In addition to revising the SIR to reflect the requirements of the clarified ISAs, the APB has taken this opportunity to clarify the illustrative wording for the opinion in the accountant’s report.
A copy of the SIR may be downloaded from the publications section of the APB’s web site at: SIR 2000 Revised - 'Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information' (PDF). Printed copies at a cost of £12.00, are available from FRC Publications, 145 London Road, Kingston upon Thames, Surrey KT2 6SR. Telephone 020 8247 1264. Email: [email protected]. Website: www.frcpublications.com.
Notes to Editors
- The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.
- The APB is committed to leading the development of auditing practice in the United Kingdom and the Republic of Ireland so as to:
- establish high standards of auditing;
- meet the developing needs of users of financial information; and
- ensure public confidence in the auditing process.
Document created under a former FRC operating body.