Conformity with International Standards Conformity with International Standards on Auditing

Conformity with International Standards on Auditing

31 Except as noted below, this Auditing Standard conforms with International Standard on Auditing ISA 720 Other Information in Documents Containing Audited Financial Statements, issued by the International Auditing and Assurance Standards Board of the International Federation of Accountants. The main differences between this Auditing Standard and ISA 720 are:

• ISA 720 provides flexibility for an auditor to consider including in the auditor’s report an emphasis of matter paragraph describing the material inconsistency in the other information or taking other actions. This Auditing Standard does not provide the option of taking other actions and the auditor shall include an emphasis of matter paragraph in the auditor’s report (paragraph 16).
• ISA 720 includes a Public Sector Perspective section. This Auditing Standard does not include a separate section on the public sector as it is sector neutral.

Compliance with this Auditing Standard enables compliance with ISA 720.