Independent Reviews Explained: What ISRE 2400 Means for South African Practices

Independent Reviews have become an essential assurance service for many South African companies that do not require a full audit. Guided by ISRE 2400, these engagements offer limited assurance through a structured process of enquiry and analytical procedures. For Chartered Business Accountants in Practice, understanding the scope, purpose, and legal requirements of Independent Reviews is key to delivering value while staying compliant with the Companies Act. This article explains what ISRE 2400 covers, how Independent Reviews differ from audits and compilations, and when they are required in South Africa.