Reporting (Ref: Para. 21—24)Reporting (Ref: Para. 21—24)

Reporting (Ref: Para. 21–24)

1. For an audit of a financial report of an entity other than a listed entity, the auditor may consider that the identification in the auditor’s report of other information that the auditor expects to obtain after the date of the auditor’s report would be appropriate in order to provide additional transparency about the other information that is subject to the auditor’s responsibilities under this Auditing Standard. The auditor may consider it appropriate to do so, for example, when management is able to represent to the auditor that such other information will be issued after the date of the auditor’s report.

Aus A52.1 Refer [Aus] Appendix 2 for a decision tree diagram of other information reporting.

Illustrative Statements (Ref: Para. 21–22)

1. Illustrative examples of the “Other Information” section of the auditor's report are included in [Aus] Appendix 3.

Reporting Implications When the Auditor’s Opinion on the Financial Report Is Qualified or Adverse (Ref: Para. 23)

1. A qualified or adverse auditor’s opinion on the financial report may not have an impact on the statement required by paragraph 22(e) if the matter in respect of which the auditor’s opinion has been modified is not included or otherwise addressed in the other information and the matter does not affect any part of the other information. For example, a qualified opinion on the financial report because of nondisclosure of directors’ remuneration as required by the applicable financial reporting framework may have no implications for the reporting required under this Auditing Standard. In other circumstances, there may be implications for such reporting as described in paragraphs A55–A58.

Qualified Opinion Due to a Material Misstatement in the Financial Report

1. In circumstances when the auditor’s opinion is qualified, consideration may be given as to whether the other information is also materially misstated for the same matter as, or a related matter to, the matter giving rise to the qualified opinion on the financial report.

Qualified Opinion Due to Limitation of Scope

1. When there is a limitation of scope with respect to a material item in the financial report, the auditor will not have obtained sufficient appropriate audit evidence about that matter. In these circumstances, the auditor may be unable to conclude whether or not the amounts or other items in the other information related to this matter result in a material misstatement of the other information. Accordingly, the auditor may need to modify the statement required by paragraph 22(e) to refer to the auditor’s inability to consider management’s description of the matter in the other information in respect of which the auditor’s opinion on the financial report has been qualified as explained in the Basis for Qualified Opinion paragraph. The auditor is nevertheless required to report any other uncorrected material misstatements of the other information that have been identified.