OFFICIAL RELEASES.

The article discusses the content of the Statement on Auditing Standards number 71 issued by the Auditing Standards Board in the U.S. The term interim financial information means financial information for less than a full year period ending on a date other than the entity's fiscal year end. This statement offers guidance on the nature, timing and extent of procedures to be applied by the independent accountant in conducting a review of interim financial information and on the reporting applicable to such engagements. It also establishes communication requirements for an accountant who is engaged to perform services related to interim financial information.