- statements or its integrated report as forming part of the company's annual financial statements or its integrated report.

Furthermore, in South Africa an entity's integrated report will be its annual report, for the purposes of ISA 720 (Revised), irrespective of the following:

- • title (for example, 'Integrated report' , 'Integrated annual report' or 'Annual report'); • title (for example, 'Integrated report' , 'Integrated annual report' or 'Annual report'); and
- • the annual financial statements and the auditor's report thereon are contained • the annual financial statements and the auditor's report thereon are contained therein.

ISA 720 (Revised) does not expand on the meaning of 'accompanies' in the definition of an annual report. The Standard does not, for example, indicate that a document would 'accompany' the financial statements only if it is issued at the same time or in close proximity to the issuance of the financial statements. The IRBA's reading of the Stand ard is that a document could meet the definition of an annual report even if there is a significant time delay between the issue date of the financial statements and t hat of the entity's annual report. The application material to ISA 720 (Revised) explains that 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). It lists, among 24 others, separate regulatory reports and sustainability reports as 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 25 other information within the scope of the Standard . The IRBA is thus of the view that regulatory reports and sustainability reports that are issued as standalone documents, without, for example, being described as forming part of the entity's annual report, are not part of the combination of documents that comprise an entity's annual report. ISA 720 (Revised) refers to a scope exclusion of 'preliminary announcements of financial 26 information', but does not define this term . In the context of the entities listed on the JSE, this scope exclusion from ISA 720 (Revised) applies to announcements of information that has been reviewed in accordance with ISRE 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity ; and that results announcements on SENS and/or in the press that relate to information that has been audited or reviewed do not form part of the combination of documents that comprise an annual report, and are, therefore, not other information within the scope of ISA 720 (Revised). Information that a listed entity may prepare on a voluntary basis for a specific stakeholder grouping, such as analysts, has a different purpose from that of an annual report. Such information, where presented separately from the annual report, does not form part of the combination of documents that comprise an annual report. Therefore, it is not other information within the scope of ISA 720 (Revised). If a report is an entity's annual report for the purpose of ISA 720 (Revised), all information contained therein, other than the financial statements and the auditor's report thereon,