Amendments to ASA 720Amendments to ASA 720

Amendments to ASA 720

1. The following is added to the end of paragraph A3 of ASA 720:

• Sustainability reports or other sustainability-related information.

1. Paragraph A5 of ASA 720 is amended to read as follows:

An annual report is different in nature, purpose and content from other reports, such as a report prepared to meet the information needs of a specific stakeholder group or a report prepared to comply with a specific regulatory reporting objective (even when such a report is required to be publicly available). Examples of reports that, when issued as standalone documents, are not typically part of the combination of documents that comprise an annual report (subject to law, regulation or custom), and that, therefore, are not other information within the scope of this Auditing Standard, include:

 Sseparate industry or regulatory reports (for example, capital adequacy reports), such as may be prepared in the banking, insurance, and superannuation industries, or special purpose reports addressing certain kinds of sustainability information.

 Corporate social responsibility reports.

 Sustainability reports.

 Diversity and equal opportunity reports.

 Product responsibility reports.

 Labour practices and working conditions reports.

 Human rights reports.

* * *