PSRE 2400 applies to what type of engagements?

PSRE 2400, which stands for the "Public Sector Accounting and Auditing Standard 2400," specifically applies to reviews of historical financial information performed by practitioners who are not the auditors of the entity. This standard outlines the responsibilities of the practitioner in conducting a review engagement, highlighting the need for the practitioner to obtain sufficient appropriate evidence to provide limited assurance that no material misstatements exist in the financial information under review.

In this context, a review is less comprehensive than an audit but provides a reasonable level of assurance to stakeholders. The use of the term "practitioner other than the entity's auditor" signifies that the engagement is being performed by a different party, which is essential for maintaining independence and objectivity in the review process.

The other options do not align with the focus of PSRE 2400; they pertain to audits, compilations, and internal audits, which fall under different standards and guidelines that govern those specific types of engagements. Understanding the scope of PSRE 2400 is critical for practitioners involved in review engagements in the public sector, as it helps them adhere to relevant standards while delivering reliable outcomes for users of the financial information.