ASA 700 - Forming an Opinion and Reporting on a Financial Report - December 2015
Other Information [or another title if aOther Information [or another title if appropriate such as “Information Other than the Financial Report and Auditor’s Report Thereon”]
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Other Information [or another title if appropriate such as “Information Other than the Financial Report and Auditor’s Report Thereon”]
[Reporting in accordance with the reporting requirements in ASA 720 – see [Aus] Illustration 1A in Appendix 3 of ASA 720.]
The directors are responsible for the other information. The other information comprises the information included in the Company’s annual report for the year ended 30 June 20X1, but does not include the financial report and our auditor’s report thereon.
Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.