Alert: AASB Releases New Section 7060 Auditor Review of Interim Financial Statements

Category: Assurance

Alert: AASB Releases New Section 7060 Auditor Review of Interim Financial Statements

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The release of Section 7060 is part of the Auditing and Assurance Standards Board’s (AASB) project to revise the “7000 series of standards” that focus primarily on the auditor’s role and responsibilities when dealing with securities regulations and other capital markets matters. Section 7060 replaces extant Section 7050 of the same name. The AASB approved Section 7060 at its meeting in June 2014.

AASB Releases New Section 7060 Auditor Review of Interim Financial Statements

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Michelle Balmer

Michelle Balmer CPA, CA

Vice President, Assurance

Michelle Balmer, CPA, CA, is a Senior Assurance Services Partner with MNP. With 14 years of experience in public practice, Michelle helps a broad range of public and privately held companies in a variety of industries. She also works on special projects, including costing studies, benchmarking and best-practice studies, operational analyses, litigation support and due diligence.

As a key member of MNP's Assurance team, Michelle has played an instrumental role in assurance policy development, implementing accounting and assurance standards firm-wide and educating assurance practitioners regarding methodologies and new pronouncements. She also provides technical advice and consultation on accounting and assurance issues, as well as on rules of professional conduct issues, to all MNP practitioners.

Michelle was certified a Chartered Accountant (CA) after obtaining a Bachelor of Commerce degree from the University of Alberta. She has been actively involved with the Institute of Chartered Accountants of Alberta, including the Chartered Accountants School of Business, in an instructional and marketing capacity. An avid volunteer, she has assisted numerous groups such as the Easter Seals of Alberta, Paralympic Sports Association and Junior Achievement of Northern Alberta.