Amendments to ASA 210Amendments to ASA 210

Amendments to ASA 210

1. Existing paragraph A12 is amended to read as follows:

The way in which the responsibilities for financial reporting are divided between management and those charged with governance will vary according to the resources and structure of the entity and any relevant law or regulation, and the respective roles of management and those charged with governance within the entity. In most cases, management is responsible for execution while those charged with governance have oversight of management. In some cases, those charged with governance will have, or will assume, responsibility for approving the financial report or monitoring the entity’s internal control related to financial reporting. In larger or publicly-listedmore complex entities, a subgroup of those charged with governance, such as an audit committee, may be charged with certain oversight responsibilities.