Document ID: chunk:federal_register_of_legislation:F2023C01138:reg:4:p3
Version: federal_register_of_legislation:F2023C01138
Segment Type: reg
Provision Reference: reg 4 (pt 3/43)
Character Range: 13092–16354

false or misleading statement, statements or information provided recklessly, or omits or obscures required information where such omission or obscurity would be misleading.

      5. Other information may include amounts or other items that are intended to be the same as, to summarise, or to provide greater detail, about amounts or other items in the financial report, and other amounts or other items about which the auditor has obtained knowledge in the audit.  Other information may also include other matters.

      6. The auditor's responsibilities relating to other information (other than applicable reporting responsibilities) apply regardless of whether the other information is obtained by the auditor prior to, or after, the date of the auditor's report.

      7. This Auditing Standard does not apply to:

(a)                Preliminary announcements of financial information; or

(b)                Securities offering documents, including prospectuses.

8.                   The auditor's responsibilities under this Auditing Standard do not constitute an assurance engagement on other information or impose an obligation on the auditor to obtain assurance about the other information.

9.                   Law or regulation may impose additional obligations on the auditor in relation to other information that are beyond the scope of this Auditing Standard.

Effective Date

10.               [Deleted by the AUASB.  Refer Aus 0.3]

Objectives

11.               The objectives of the auditor, having read the other information, are:

(a)                To consider whether there is a material inconsistency between the other information and the financial report;

(b)                To consider whether there is a material inconsistency between the other information and the auditor's knowledge obtained in the audit;

(c)                To respond appropriately when the auditor identifies that such material inconsistencies appear to exist, or when the auditor otherwise becomes aware that other information appears to be materially misstated; and

(d)                To report in accordance with this Auditing Standard.

Definitions

12.               For the purposes of this Auditing Standard, the following terms have the meanings attributed below:

(a)                Annual report – A document, or combination of documents, prepared typically on an annual basis by management or those charged with governance in accordance with law, regulation or custom, the purpose of which is to provide owners (or similar stakeholders) with information on the entity's operations and the entity's financial results and financial position as set out in the financial report.  An annual report contains or accompanies the financial report and the auditor's report thereon and usually includes information about the entity's developments, its future outlook and risks and uncertainties, a statement by the entity's governing body, and reports covering 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