Unaudited Supplementary Information PresUnaudited Supplementary Information Presented with an Audited Financial Report

Unaudited Supplementary Information Presented with an Audited Financial Report

64 The auditor shall be satisfied that any supplementary information presented together with the financial report that is not covered by the auditor’s opinion is clearly differentiated from the audited financial report.

65 As noted in paragraphs 30-32, the entity may be required to, or those charged with governance may choose to, include supplementary information together with the financial report. The auditor’s opinion is considered to cover supplementary information that cannot be clearly differentiated from the financial report because of its nature and how it is presented. In other circumstances, however, law or regulation may not require the supplementary information to be audited and those charged with governance may not ask the auditor to include the supplementary information within the scope of the audit of the financial report. When the supplementary information is not intended to be audited, under paragraph 64 of this Auditing Standard, the auditor needs to consider whether that supplementary information is presented in a manner that could be construed as being covered by the auditor’s opinion and, if so, management and those charged with governance ought to change how the information is presented. For example, the auditor considers where the unaudited information is presented in relation to the financial report and any audited supplementary information, and whether it is clearly labelled as “unaudited”. The auditor may, for example, ask management and those charged with governance to remove any cross references from the financial report to unaudited supplementary schedules or unaudited notes because the demarcation between the audited and unaudited information would not be sufficiently clear as such unaudited notes that are intermingled with the audited notes can also be misinterpreted as being audited. The auditor may also, for example, ask the entity to place the unaudited information outside of the set of a financial report, or, if that is not possible in the circumstances, at a minimum, place the unaudited notes together at the end of the required notes to the financial report and clearly label them as unaudited.

66 As noted in paragraph 28, when the auditor is aware that the financial report will be included in a document that contains other information, the auditor may consider, if the form of presentation allows, identifying the page numbers on which the audited financial report is presented in the auditor’s report. This helps readers differentiate the financial report from other information not covered by the auditor’s opinion.

67 If the auditor concludes that the entity’s presentation of any unaudited supplementary information does not differentiate it sufficiently from the audited financial report, the auditor shall explain in the auditor’s report that that information has not been audited.