Document ID: chunk:federal_register_of_legislation:F2023C01138:reg:4:p4
Version: federal_register_of_legislation:F2023C01138
Segment Type: reg
Provision Reference: reg 4 (pt 4/43)
Character Range: 16059–19176

governance matters.  (Ref: Para. A1–A5)

(b)                 Misstatement of the other information – A misstatement of the other information exists when the other information is incorrectly stated or otherwise misleading (including because it omits or obscures information necessary for a proper understanding of a matter disclosed in the other information).  (Ref: Para. A6–A7)

(c)                 Other information – Financial or nonfinancial information (other than the financial report and the auditor's report thereon) included in an entity's annual report.
(Ref: Para. A8–A10)

Requirements

13.               The auditor shall: (Ref: Para. A11–A22)

(a)                Determine, through discussion with management, which document(s) comprises the annual report, and the entity's planned manner and timing of the issuance of such document(s);

(b)                Make appropriate arrangements with management to obtain in a timely manner and, if possible, prior to the date of the auditor's report, the final version of the document(s) comprising the annual report; and

(c)                 When some or all of the document(s) determined in (a) will not be available until after the date of the auditor's report, request management to provide a written representation that the final version of the document(s) will be provided to the auditor when available, and prior to its issuance by the entity, such that the auditor can complete the procedures required by this Auditing Standard.  (Ref: Para. A22)

Reading and Considering the Other Information

14.                 The auditor shall read the other information and, in doing so shall: (Ref: Para. A23–A24)

(a)                 Consider whether there is a material inconsistency between the other information and the financial report.  As the basis for this consideration, the auditor shall, to evaluate their consistency, compare selected amounts or other items in the other information (that are intended to be the same as, to summarise, or to provide greater detail about, the amounts or other items in the financial report) with such amounts or other items in the financial report; and (Ref: Para. A25–A29)

(b)                 Consider whether there is a material inconsistency between the other information and the auditor's knowledge obtained in the audit, in the context of audit evidence obtained and conclusions reached in the audit.  (Ref: Para. A30–A36)

15.                 While reading the other information in accordance with paragraph 14 of this Auditing Standard, the auditor shall remain alert for indications that the other information not related to the financial report or the auditor's knowledge obtained in the audit appears to be materially misstated.  (Ref: Para. A24, A37–A38)

Responding When a Material Inconsistency Appears to Exist or Other Information Appears to Be Materially Misstated

16.                 If the auditor identifies that a material inconsistency appears to exist (or becomes aware that the other information appears to be materially misstated), the auditor shall discuss the matter with management and, if