{"id":"F2009L04104","name":"ASA 720 - The Auditor’s Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report - October 2009","slug":"asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":81712,"registerId":"commonwealth-F2009L04104-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"CONTENTS","sectionType":"part","heading":"CONTENTS","content":"#   \nCONTENTS\n\nPREFACE\n\nAUTHORITY STATEMENT\n\nParagraphs\n\nApplication............................... Aus 0.1-Aus 0.2\n\nOperative Date............................. Aus 0.3\n\nIntroduction\n\nScope of this Auditing Standard.................. 1-2\n\nEffective Date.............................. 3\n\nObjective................................. 4\n\nDefinitions................................ 5\n\nRequirements\n\nReading Other Information..................... 6-7\n\nMaterial Inconsistencies....................... 8-13\n\nMaterial Misstatements of Fact................... 14-16\n\nApplication and Other Explanatory Material\n\nScope of this Auditing Standard.................. A1-A2\n\nDefinition of Other Information.................. A3-A4\n\nReading Other Information..................... A5\n\nMaterial Inconsistencies....................... A6-A9\n\nMaterial Misstatements of Fact................... A10-A11\n\nConformity with International Standards on Auditing","sortOrder":0},{"sectionNumber":"Preface","sectionType":"part","heading":"Preface","content":"Obtaining a Copy of this Auditing Standard\n\nThis Auditing Standard is available on the Auditing and Assurance Standards Board (AUASB) website: www.auasb.gov.au\n\n| Contact DetailsAuditing and Assurance Standards BoardLevel 7600 Bourke StreetMelbourne Victoria 3000AUSTRALIA | Phone: (03) 8080 7400Fax: (03) 8080 7450E-mail: enquiries@auasb.gov.auPostal Address:PO Box 204Collins Street WestMelbourne Victoria 8007AUSTRALIA |\n| ------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nCOPYRIGHT\n\n© Commonwealth of Australia 2009. The text, graphics and layout of this Auditing Standard are protected by Australian copyright law and the comparable law of other countries. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and  \nnon-commercial use subject to the inclusion of an acknowledgment of the source. Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the Executive Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne Victoria 8007. Otherwise, no part of the Auditing Standard may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.\n\nISSN 1833-4393\n\n#   \nCONTENTS\n\nPREFACE\n\nAUTHORITY STATEMENT\n\nParagraphs\n\nApplication............................... Aus 0.1-Aus 0.2\n\nOperative Date............................. Aus 0.3\n\nIntroduction\n\nScope of this Auditing Standard.................. 1-2\n\nEffective Date.............................. 3\n\nObjective................................. 4\n\nDefinitions................................ 5\n\nRequirements\n\nReading Other Information..................... 6-7\n\nMaterial Inconsistencies....................... 8-13\n\nMaterial Misstatements of Fact................... 14-16\n\nApplication and Other Explanatory Material\n\nScope of this Auditing Standard.................. A1-A2\n\nDefinition of Other Information.................. A3-A4\n\nReading Other Information..................... A5\n\nMaterial Inconsistencies....................... A6-A9\n\nMaterial Misstatements of Fact................... A10-A11\n\nConformity with International Standards on Auditing\n\n#   \nPreface\n\n#### Reasons for Issuing Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\nThe Auditing and Assurance Standards Board (AUASB) issues Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report pursuant to the requirements of the legislative provisions and the Strategic Direction explained below.\n\nThe AUASB is an independent statutory board of the Australian Government established under section 227A of the Australian Securities and Investments Commission Act 2001, as amended (ASIC Act). Under section 336 of the Corporations Act 2001, the AUASB may make Australian Auditing Standards for the purposes of the corporations legislation. These Auditing Standards are legislative instruments under the Legislative Instruments Act 2003.\n\nUnder the Strategic Direction given to the AUASB by the Financial Reporting Council (FRC), the AUASB is required to have regard to any programme initiated by the International Auditing and Assurance Standards Board (IAASB) for the revision and enhancement of the International Standards on Auditing (ISAs) and to make appropriate consequential amendments to the Australian Auditing Standards. Accordingly, the AUASB has decided to revise and redraft the Australian Auditing Standards using the equivalent redrafted ISAs.\n\n#### Main Features\n\nThis Auditing Standard establishes requirements and provides application and other explanatory material regarding the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon.\n\nThis Auditing Standard:\n\n1.  requires the auditor to read the other information to identify material inconsistencies, if any, with the audited financial report;\n2.  requires the auditor to make appropriate arrangements with management to obtain the other information prior to the date of the auditor’s report;\n3.  requires the auditor to determine whether the audited financial report or the other information needs to be revised when material inconsistencies are identified; and\n4.  describes the auditor’s responsibilities when material inconsistencies are identified.\n\n##   \nAUTHORITY STATEMENT\n\nThe Auditing and Assurance Standards Board (AUASB) makes this Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001.\n\nThis Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.\n\nDated: 27 October 2009 M H Kelsall  \nChairman - AUASB","sortOrder":1},{"sectionNumber":"Reasons for Issuing Auditing Standard AS","sectionType":"subdivision","heading":"Reasons for Issuing Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report","content":"#### Reasons for Issuing Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\nThe Auditing and Assurance Standards Board (AUASB) issues Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report pursuant to the requirements of the legislative provisions and the Strategic Direction explained below.\n\nThe AUASB is an independent statutory board of the Australian Government established under section 227A of the Australian Securities and Investments Commission Act 2001, as amended (ASIC Act). Under section 336 of the Corporations Act 2001, the AUASB may make Australian Auditing Standards for the purposes of the corporations legislation. These Auditing Standards are legislative instruments under the Legislative Instruments Act 2003.\n\nUnder the Strategic Direction given to the AUASB by the Financial Reporting Council (FRC), the AUASB is required to have regard to any programme initiated by the International Auditing and Assurance Standards Board (IAASB) for the revision and enhancement of the International Standards on Auditing (ISAs) and to make appropriate consequential amendments to the Australian Auditing Standards. Accordingly, the AUASB has decided to revise and redraft the Australian Auditing Standards using the equivalent redrafted ISAs.","sortOrder":2},{"sectionNumber":"Main Features","sectionType":"subdivision","heading":"Main Features","content":"#### Main Features\n\nThis Auditing Standard establishes requirements and provides application and other explanatory material regarding the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon.\n\nThis Auditing Standard:\n\n1.  requires the auditor to read the other information to identify material inconsistencies, if any, with the audited financial report;\n2.  requires the auditor to make appropriate arrangements with management to obtain the other information prior to the date of the auditor’s report;\n3.  requires the auditor to determine whether the audited financial report or the other information needs to be revised when material inconsistencies are identified; and\n4.  describes the auditor’s responsibilities when material inconsistencies are identified.\n\n##   \nAUTHORITY STATEMENT\n\nThe Auditing and Assurance Standards Board (AUASB) makes this Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001.\n\nThis Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.\n\nDated: 27 October 2009 M H Kelsall  \nChairman - AUASB","sortOrder":3},{"sectionNumber":"AUTHORITY STATEMENT","sectionType":"part","heading":"AUTHORITY STATEMENT","content":"##   \nAUTHORITY STATEMENT\n\nThe Auditing and Assurance Standards Board (AUASB) makes this Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001.\n\nThis Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.","sortOrder":4},{"sectionNumber":"Auditing Standard ASA 720","sectionType":"part","heading":"Auditing Standard ASA 720","content":"## Auditing Standard ASA 720\n\n### The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\n##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.\n\n##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.\n\n##### Introduction\n\n###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)\n\n###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]\n\n##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.\n\n##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.\n\n##### Requirements\n\n###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)\n\n###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)\n\n###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*\n\n##### Application and Other Explanatory Material\n\n###### Scope of this Auditing Standard\n\nAdditional Responsibilities, through Statutory or Other Regulatory Requirements, in Relation to Other Information (Ref: Para. 1)\n\n1.  The auditor may have additional responsibilities, through statutory or other regulatory requirements,[](#_ftn6) in relation to other information that are beyond the scope of this Auditing Standard. For example, some jurisdictions may require the auditor to apply specific procedures to certain of the other information such as required supplementary data or to express an opinion on the reliability of performance indicators described in the other information. Where there are such obligations, the auditor’s additional responsibilities are determined by the nature of the engagement and by law, regulation and professional standards. If such other information is omitted or contains deficiencies, the auditor may be required by law or regulation to refer to the matter in the auditor’s report.\n\nDocuments Containing an Audited Financial Report (Ref: Para. 2)\n\nConsiderations Specific to Smaller Entities\n\n1.  Unless required by law or regulation, smaller entities are less likely to issue documents containing an audited financial report. However, an example of such a document would be where a legal requirement exists for an accompanying report by those charged with governance. Examples of other information that may be included in a document containing the audited financial report of a smaller entity are a detailed income statement and a management report.\n\n###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.\n\n###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.\n\n###### Material Inconsistencies\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report (Ref: Para. 10-Aus 10.1)\n\n1.  When management refuses to revise the other information, the auditor may base any decision on what further action to take on advice from the auditor’s legal counsel.\n\nAus A6.1 For example, the auditor may be required to obtain consent from the Australian Securities and Investments Commission (ASIC) prior to resigning from certain audits.[](#_ftn7)\n\nConsiderations Specific to Public Sector Entities\n\n1.  In the public sector, withdrawal from the engagement or withholding the auditor’s report may not be options. In such cases, the auditor may issue a report to the appropriate statutory body giving details of the inconsistency.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report (Ref: Para. 12-13)\n\n1.  When management agrees to revise the other information, the auditor’s procedures may include reviewing the steps taken by management to ensure that individuals in receipt of the previously issued financial report, the auditor’s report thereon, and the other information are informed of the revision.\n2.  When management refuses to make the revision of such other information that the auditor concludes is necessary, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":5},{"sectionNumber":"The Auditor's Responsibilities Relating ","sectionType":"division","heading":"The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report","content":"## Auditing Standard ASA 720\n\n### The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\n##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.\n\n##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.\n\n##### Introduction\n\n###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)\n\n###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]\n\n##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.\n\n##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.\n\n##### Requirements\n\n###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)\n\n###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)\n\n###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*\n\n##### Application and Other Explanatory Material\n\n###### Scope of this Auditing Standard\n\nAdditional Responsibilities, through Statutory or Other Regulatory Requirements, in Relation to Other Information (Ref: Para. 1)\n\n1.  The auditor may have additional responsibilities, through statutory or other regulatory requirements,[](#_ftn6) in relation to other information that are beyond the scope of this Auditing Standard. For example, some jurisdictions may require the auditor to apply specific procedures to certain of the other information such as required supplementary data or to express an opinion on the reliability of performance indicators described in the other information. Where there are such obligations, the auditor’s additional responsibilities are determined by the nature of the engagement and by law, regulation and professional standards. If such other information is omitted or contains deficiencies, the auditor may be required by law or regulation to refer to the matter in the auditor’s report.\n\nDocuments Containing an Audited Financial Report (Ref: Para. 2)\n\nConsiderations Specific to Smaller Entities\n\n1.  Unless required by law or regulation, smaller entities are less likely to issue documents containing an audited financial report. However, an example of such a document would be where a legal requirement exists for an accompanying report by those charged with governance. Examples of other information that may be included in a document containing the audited financial report of a smaller entity are a detailed income statement and a management report.\n\n###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.\n\n###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.\n\n###### Material Inconsistencies\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report (Ref: Para. 10-Aus 10.1)\n\n1.  When management refuses to revise the other information, the auditor may base any decision on what further action to take on advice from the auditor’s legal counsel.\n\nAus A6.1 For example, the auditor may be required to obtain consent from the Australian Securities and Investments Commission (ASIC) prior to resigning from certain audits.[](#_ftn7)\n\nConsiderations Specific to Public Sector Entities\n\n1.  In the public sector, withdrawal from the engagement or withholding the auditor’s report may not be options. In such cases, the auditor may issue a report to the appropriate statutory body giving details of the inconsistency.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report (Ref: Para. 12-13)\n\n1.  When management agrees to revise the other information, the auditor’s procedures may include reviewing the steps taken by management to ensure that individuals in receipt of the previously issued financial report, the auditor’s report thereon, and the other information are informed of the revision.\n2.  When management refuses to make the revision of such other information that the auditor concludes is necessary, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":6},{"sectionNumber":"Application","sectionType":"section","heading":"Application","content":"##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.","sortOrder":7},{"sectionNumber":"Operative Date","sectionType":"section","heading":"Operative Date","content":"##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.","sortOrder":8},{"sectionNumber":"Introduction","sectionType":"section","heading":"Introduction","content":"## Auditing Standard ASA 720\n\n### The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\n##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.\n\n##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.\n\n##### Introduction\n\n###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)\n\n###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]\n\n##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.\n\n##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.\n\n##### Requirements\n\n###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)\n\n###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)\n\n###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*\n\n##### Application and Other Explanatory Material\n\n###### Scope of this Auditing Standard\n\nAdditional Responsibilities, through Statutory or Other Regulatory Requirements, in Relation to Other Information (Ref: Para. 1)\n\n1.  The auditor may have additional responsibilities, through statutory or other regulatory requirements,[](#_ftn6) in relation to other information that are beyond the scope of this Auditing Standard. For example, some jurisdictions may require the auditor to apply specific procedures to certain of the other information such as required supplementary data or to express an opinion on the reliability of performance indicators described in the other information. Where there are such obligations, the auditor’s additional responsibilities are determined by the nature of the engagement and by law, regulation and professional standards. If such other information is omitted or contains deficiencies, the auditor may be required by law or regulation to refer to the matter in the auditor’s report.\n\nDocuments Containing an Audited Financial Report (Ref: Para. 2)\n\nConsiderations Specific to Smaller Entities\n\n1.  Unless required by law or regulation, smaller entities are less likely to issue documents containing an audited financial report. However, an example of such a document would be where a legal requirement exists for an accompanying report by those charged with governance. Examples of other information that may be included in a document containing the audited financial report of a smaller entity are a detailed income statement and a management report.\n\n###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.\n\n###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.\n\n###### Material Inconsistencies\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report (Ref: Para. 10-Aus 10.1)\n\n1.  When management refuses to revise the other information, the auditor may base any decision on what further action to take on advice from the auditor’s legal counsel.\n\nAus A6.1 For example, the auditor may be required to obtain consent from the Australian Securities and Investments Commission (ASIC) prior to resigning from certain audits.[](#_ftn7)\n\nConsiderations Specific to Public Sector Entities\n\n1.  In the public sector, withdrawal from the engagement or withholding the auditor’s report may not be options. In such cases, the auditor may issue a report to the appropriate statutory body giving details of the inconsistency.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report (Ref: Para. 12-13)\n\n1.  When management agrees to revise the other information, the auditor’s procedures may include reviewing the steps taken by management to ensure that individuals in receipt of the previously issued financial report, the auditor’s report thereon, and the other information are informed of the revision.\n2.  When management refuses to make the revision of such other information that the auditor concludes is necessary, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":9},{"sectionNumber":"Scope of this Auditing Standard","sectionType":"section","heading":"Scope of this Auditing Standard","content":"###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)","sortOrder":10},{"sectionNumber":"Effective Date","sectionType":"section","heading":"Effective Date","content":"###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]","sortOrder":11},{"sectionNumber":"Objective","sectionType":"section","heading":"Objective","content":"##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.","sortOrder":12},{"sectionNumber":"Definitions","sectionType":"section","heading":"Definitions","content":"##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.","sortOrder":13},{"sectionNumber":"Requirements","sectionType":"section","heading":"Requirements","content":"## Auditing Standard ASA 720\n\n### The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\n##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.\n\n##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.\n\n##### Introduction\n\n###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)\n\n###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]\n\n##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.\n\n##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.\n\n##### Requirements\n\n###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)\n\n###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)\n\n###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*\n\n##### Application and Other Explanatory Material\n\n###### Scope of this Auditing Standard\n\nAdditional Responsibilities, through Statutory or Other Regulatory Requirements, in Relation to Other Information (Ref: Para. 1)\n\n1.  The auditor may have additional responsibilities, through statutory or other regulatory requirements,[](#_ftn6) in relation to other information that are beyond the scope of this Auditing Standard. For example, some jurisdictions may require the auditor to apply specific procedures to certain of the other information such as required supplementary data or to express an opinion on the reliability of performance indicators described in the other information. Where there are such obligations, the auditor’s additional responsibilities are determined by the nature of the engagement and by law, regulation and professional standards. If such other information is omitted or contains deficiencies, the auditor may be required by law or regulation to refer to the matter in the auditor’s report.\n\nDocuments Containing an Audited Financial Report (Ref: Para. 2)\n\nConsiderations Specific to Smaller Entities\n\n1.  Unless required by law or regulation, smaller entities are less likely to issue documents containing an audited financial report. However, an example of such a document would be where a legal requirement exists for an accompanying report by those charged with governance. Examples of other information that may be included in a document containing the audited financial report of a smaller entity are a detailed income statement and a management report.\n\n###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.\n\n###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.\n\n###### Material Inconsistencies\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report (Ref: Para. 10-Aus 10.1)\n\n1.  When management refuses to revise the other information, the auditor may base any decision on what further action to take on advice from the auditor’s legal counsel.\n\nAus A6.1 For example, the auditor may be required to obtain consent from the Australian Securities and Investments Commission (ASIC) prior to resigning from certain audits.[](#_ftn7)\n\nConsiderations Specific to Public Sector Entities\n\n1.  In the public sector, withdrawal from the engagement or withholding the auditor’s report may not be options. In such cases, the auditor may issue a report to the appropriate statutory body giving details of the inconsistency.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report (Ref: Para. 12-13)\n\n1.  When management agrees to revise the other information, the auditor’s procedures may include reviewing the steps taken by management to ensure that individuals in receipt of the previously issued financial report, the auditor’s report thereon, and the other information are informed of the revision.\n2.  When management refuses to make the revision of such other information that the auditor concludes is necessary, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":14},{"sectionNumber":"Reading Other Information","sectionType":"section","heading":"Reading Other Information","content":"###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)","sortOrder":15},{"sectionNumber":"Material Inconsistencies","sectionType":"section","heading":"Material Inconsistencies","content":"###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)","sortOrder":16},{"sectionNumber":"Material Misstatements of Fact","sectionType":"section","heading":"Material Misstatements of Fact","content":"###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*","sortOrder":17},{"sectionNumber":"Application and Other Explanatory Materi","sectionType":"section","heading":"Application and Other Explanatory Material","content":"## Auditing Standard ASA 720\n\n### The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report\n\n##### Application\n\nAus 0.1 This Auditing Standard applies to:\n\n(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and\n\n(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.\n\nAus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.\n\n##### Operative Date\n\nAus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.\n\n##### Introduction\n\n###### Scope of this Auditing Standard\n\n1.  ![](image.002.png) This Auditing Standard deals with the auditor’s responsibilities relating to other information in documents containing an audited financial report and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion does not cover other information and the auditor has no specific responsibility for determining whether or not other information is properly stated. However, the auditor reads the other information because the credibility of the audited financial report may be undermined by material inconsistencies between the audited financial report and other information. (Ref: Para. A1)\n2.  ![](image.002.png) In this Auditing Standard “documents containing an audited financial report” refers to annual reports (or similar documents), that are issued to owners (or similar stakeholders), containing an audited financial report and the auditor’s report thereon. This Auditing Standard may also be applied, as necessary in the circumstances, to other documents containing an audited financial report, such as those used in securities offerings.[\\[1\\]](#_ftn1) (Ref: Para. A2)\n\n###### Effective Date\n\n1.  \\[Deleted by the AUASB. Refer Aus 0.3\\]\n\n##### Objective\n\n1.  The objective of the auditor is to respond appropriately when documents containing an audited financial report and the auditor’s report thereon include other information that could undermine the credibility of that financial report and the auditor’s report.\n\n##### Definitions\n\n1.  For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:\n    1.  Other information means financial and non-financial information (other than the financial report and the auditor’s report thereon) which is included, either by law, regulation or custom, in a document containing an audited financial report and the auditor’s report thereon.  \n        (Ref: Para. A3-A4)\n    2.  Inconsistency means other information that contradicts information contained in the audited financial report. A material inconsistency may raise doubt about the audit conclusions drawn from audit evidence previously obtained and, possibly, about the basis for the auditor’s opinion on the financial report.\n    3.  Misstatement of fact means other information that is unrelated to matters appearing in the audited financial report that is incorrectly stated or presented. A material misstatement of fact may undermine the credibility of the document containing the audited financial report.\n\n##### Requirements\n\n###### Reading Other Information\n\n1.  The auditor shall read the other information to identify material inconsistencies, if any, with the audited financial report.\n2.  The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditor’s report. If it is not possible to obtain all the other information prior to the date of the auditor’s report, the auditor shall read such other information as soon as practicable. (Ref: Para. A5)\n\n###### Material Inconsistencies\n\n1.  If, on reading the other information, the auditor identifies a material inconsistency, the auditor shall determine whether the audited financial report or the other information needs to be revised.\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary and management refuses to make the revision, the auditor shall modify the opinion in the auditor’s report in accordance with ASA 705.[\\[2\\]](#_ftn2)\n2.  If revision of the other information is necessary and management refuses to make the revision, the auditor shall communicate this matter to those charged with governance, unless all of those charged with governance are involved in managing the entity;[\\[3\\]](#_ftn3) and\n    1.  Include in the auditor’s report an Other Matter(s) paragraph describing the material inconsistency in accordance with ASA 706;[\\[4\\]](#_ftn4) or\n    2.  Withhold the auditor’s report; or\n    3.  Withdraw from the engagements, where withdrawal is possible under applicable law or regulation.  \n        (Ref: Para. A6-A7)\n\nAus 10.1 Withholding the auditor’s report is not permitted under the Corporations Act 2001.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report\n\n1.  If revision of the audited financial report is necessary, the auditor shall follow the relevant requirements in ASA 560.[\\[5\\]](#_ftn5)\n2.  If revision of the other information is necessary and management agrees to make the revision, the auditor shall carry out the procedures necessary under the circumstances. (Ref: Para. A8)\n3.  If revision of the other information is necessary, but management refuses to make the revision, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A9)\n\n###### Material Misstatements of Fact\n\n1.  If, on reading the other information for the purpose of identifying material inconsistencies, the auditor becomes aware of an apparent material misstatement of fact, the auditor shall discuss the matter with management. (Ref: Para. A10)\n2.  If, following such discussions, the auditor still considers that there is an apparent material misstatement of fact, the auditor shall request management to consult with a qualified third party, such as the entity’s legal counsel, and the auditor shall consider the advice received.\n3.  If the auditor concludes that there is a material misstatement of fact in the other information which management refuses to correct, the auditor shall notify those charged with governance, unless all of those charged with governance are involved in managing the entity, of the auditor’s concern regarding the other information and take any further appropriate action. (Ref: Para. A11)\n\n\\* \\* \\*\n\n##### Application and Other Explanatory Material\n\n###### Scope of this Auditing Standard\n\nAdditional Responsibilities, through Statutory or Other Regulatory Requirements, in Relation to Other Information (Ref: Para. 1)\n\n1.  The auditor may have additional responsibilities, through statutory or other regulatory requirements,[](#_ftn6) in relation to other information that are beyond the scope of this Auditing Standard. For example, some jurisdictions may require the auditor to apply specific procedures to certain of the other information such as required supplementary data or to express an opinion on the reliability of performance indicators described in the other information. Where there are such obligations, the auditor’s additional responsibilities are determined by the nature of the engagement and by law, regulation and professional standards. If such other information is omitted or contains deficiencies, the auditor may be required by law or regulation to refer to the matter in the auditor’s report.\n\nDocuments Containing an Audited Financial Report (Ref: Para. 2)\n\nConsiderations Specific to Smaller Entities\n\n1.  Unless required by law or regulation, smaller entities are less likely to issue documents containing an audited financial report. However, an example of such a document would be where a legal requirement exists for an accompanying report by those charged with governance. Examples of other information that may be included in a document containing the audited financial report of a smaller entity are a detailed income statement and a management report.\n\n###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.\n\n###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.\n\n###### Material Inconsistencies\n\nMaterial Inconsistencies Identified in Other Information Obtained Prior to the Date of the Auditor’s Report (Ref: Para. 10-Aus 10.1)\n\n1.  When management refuses to revise the other information, the auditor may base any decision on what further action to take on advice from the auditor’s legal counsel.\n\nAus A6.1 For example, the auditor may be required to obtain consent from the Australian Securities and Investments Commission (ASIC) prior to resigning from certain audits.[](#_ftn7)\n\nConsiderations Specific to Public Sector Entities\n\n1.  In the public sector, withdrawal from the engagement or withholding the auditor’s report may not be options. In such cases, the auditor may issue a report to the appropriate statutory body giving details of the inconsistency.\n\nMaterial Inconsistencies Identified in Other Information Obtained Subsequent to the Date of the Auditor’s Report (Ref: Para. 12-13)\n\n1.  When management agrees to revise the other information, the auditor’s procedures may include reviewing the steps taken by management to ensure that individuals in receipt of the previously issued financial report, the auditor’s report thereon, and the other information are informed of the revision.\n2.  When management refuses to make the revision of such other information that the auditor concludes is necessary, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.\n\n##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":18},{"sectionNumber":"Definition of Other Information (Ref: Pa","sectionType":"section","heading":"Definition of Other Information (Ref: Para. 5(a))","content":"###### Definition of Other Information (Ref: Para. 5(a))\n\n1.  Other information may comprise, for example:\n\n-   A report by management or those charged with governance on operations.\n-   Financial summaries or highlights.\n-   Employment data.\n-   Planned capital expenditures.\n-   Financial ratios.\n-   Names of officers and directors.\n-   Selected quarterly data.\n\n1.  For purposes of the Australian Auditing Standards, other information does not encompass, for example:\n\n-   A press release or a transmittal memorandum, such as a covering letter, accompanying the document containing the audited financial report and the auditor’s report thereon.\n-   Information contained in analyst briefings.\n-   Information contained on the entity’s website.","sortOrder":20},{"sectionNumber":"Reading Other Information (Ref: Para. 7)","sectionType":"section","heading":"Reading Other Information (Ref: Para. 7)","content":"###### Reading Other Information (Ref: Para. 7)\n\n1.  Obtaining the other information prior to the date of the auditor’s report enables the auditor to resolve possible material inconsistencies and apparent material misstatements of fact with management on a timely basis. An agreement with management as to when the other information will be available may be helpful.","sortOrder":21},{"sectionNumber":"Material Misstatements of Fact (Ref: Par","sectionType":"section","heading":"Material Misstatements of Fact (Ref: Para. 14-16)","content":"###### Material Misstatements of Fact (Ref: Para. 14-16)\n\n1.  When discussing an apparent material misstatement of fact with management, the auditor may not be able to evaluate the validity of some disclosures included within the other information and management’s responses to the auditor’s enquiries, and may conclude that valid differences of judgement or opinion exist.\n2.  When the auditor concludes that there is a material misstatement of fact that management refuses to correct, appropriate further actions by the auditor may include obtaining advice from the auditor’s legal counsel.","sortOrder":23},{"sectionNumber":"Conformity with International Standards ","sectionType":"section","heading":"Conformity with International Standards on Auditing","content":"##### Conformity with International Standards on Auditing\n\nThis Auditing Standard conforms with International Standard on Auditing ISA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).\n\nParagraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.\n\nThe following requirement is additional to ISA 720:\n\n-   Withholding the auditor’s report is not permitted under the Corporations Act 2001. \\[Paragraph Aus 10.1\\]\n\nCompliance with this Auditing Standard enables compliance with ISA 720.","sortOrder":24}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2002},"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The standard maintains its original scope of establishing auditor responsibilities regarding other information in documents containing audited financial reports. It represents a convergence with International Standard on Auditing (ISA 720) rather than an expansion of scope, limited to minor Australian-specific modifications regarding operative dates and Corporations Act restrictions (e.g., prohibition on withholding reports)."},"complexity_factors":["Cross-references to five other Australian Auditing Standards (ASA 101, 200, 560, 705, 706)","Australian-specific modifications (Aus paragraphs) creating local exceptions to international standards","Temporal bifurcation of procedures depending on whether other information is obtained before or after the auditor’s report date","Defined terms requiring precise distinction between 'material inconsistency' and 'material misstatement of fact'","Conditional escalation logic with multiple management response pathways (refuse to revise, agree to revise, etc.)"],"plain_english_summary":"This rule requires auditors to read and assess all \"other information\" in reports that include audited financial statements—ensuring it contains no material inconsistencies or plainly wrong facts with the audited numbers.  \n\nIt affects registered company auditors and entities lodging financial reports under the Corporations Act 2001: auditors must obtain the information before signing (or promptly after), resolve or report inconsistencies, and take appropriate action if management won’t correct errors."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"This Australian standard generally adopts ISA 720 but adds a jurisdictional constraint: Aus 10.1 prohibits withholding the auditor’s report under the Corporations Act 2001, thereby narrowing auditor remedies available under the ISA text and altering practical scope of permissible responses in Australian corporations audits (see \"Conformity with International Standards on Auditing\" and Aus 10.1)."},"complexity_factors":["Judgement-heavy definitions: determining a \"material inconsistency\" or \"material misstatement of fact\" requires professional judgement (Definitions; paras 8–16).","Timing and availability obligations: auditor must obtain and read other information prior to the auditor’s report where practicable, or as soon as possible thereafter, creating scheduling/compliance burden (paras 6–7; A5).","Multiple prescribed responses with cross-standard links: responses include modifying the opinion (ASA 705), adding Other Matter(s) (ASA 706), following subsequent-event rules (ASA 560), withholding or withdrawal where law permits — requiring coordination with other standards (paras 10–13).","Statutory constraint in Australia: Aus 10.1 expressly prohibits withholding the auditor’s report under the Corporations Act, narrowing available remedies (Aus 10.1).","Potential legal and governance escalation: standard contemplates consulting legal counsel and notifying those charged with governance; public‑sector audits may face additional constraints (A6; A6.1; paras 14–16).","Broad scope of \"other information\": includes financial and non‑financial items (management reports, financial highlights, names of directors) but excludes press releases, analyst briefings and website content — creating judgment about what must be read (Definition; para 5; A3–A4).","Operational burden for practitioners: reading and following up on diverse non‑audited material can increase time and documentation demands (paras 6–7; A5)."],"plain_english_summary":"Mechanically, this standard requires auditors to read any “other information” included with an audited financial report, obtain it before issuing the auditor’s report where practicable, identify material inconsistencies or factual misstatements, and take specified actions (request revisions, modify the opinion, add an other‑matters paragraph, notify governance, or withdraw) (paras 6–16; A5–A11). It affects auditors, management and those charged with governance by imposing timing, reporting and follow‑up duties and limits an auditor’s options in Australia (Aus 10.1 forbids withholding the auditor’s report); the purpose is to protect the audited report’s credibility."}},"importantCases":[],"_links":{"self":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi","history":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi/history","analysis":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi/analysis","conflicts":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi/conflicts","importantCases":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi/important-cases","documents":"/api/acts/asa-720-the-auditor-s-responsibilities-relating-to-other-information-in-documents-containing-an-audi/documents"}}