Document ID: chunk:federal_register_of_legislation:F2023C01138:front:0:p2
Version: federal_register_of_legislation:F2023C01138
Segment Type: other
Provision Reference: 
Character Range: 3002–7102

ON AUDITING

Paragraphs

Application............................................................Aus 0.1‑Aus 0.2
Operative Date............................................................Aus 0.3
Introduction
Scope of this Auditing Standard..................................................1‑9
Effective Date..............................................................10
Objectives.................................................................11
Definitions................................................................12
Requirements..............................................................13
Reading and Considering the Other Information......................................14‑15
Responding When a Material Inconsistency Appears to Exist or Other Information Appears to Be Materially Misstated              16
Responding When the Auditor Concludes That a Material Misstatement of the Other Information Exists              17‑19
Responding When a Material Misstatement in the Financial Report Exists or the Auditor's Understanding of the Entity and Its Environment Needs to Be Updated              20
Reporting..................................................................21‑24
Documentation..............................................................25
Application and Other Explanatory Material
Definitions................................................................A1‑A10
Obtaining the Other Information................................................A11‑A22
Reading and Considering the Other Information.....................................A23‑A24
Considering Whether There is a Material Inconsistency between the Other Information and the Financial Report              A25‑A36
Remaining Alert for Other Indications that the Other Information Appears to Be Materially MisstatedA37‑A38
Responding When a Material Inconsistency Appears to Exist or Other Information Appears to Be Materially Misstated              A39‑A43
Responding When the Auditor Concludes That a Material Misstatement of the Other Information Exists              A44‑Aus A50.1
Responding When a Material Misstatement in the Financial Report Exists or the Auditor's Understanding of the Entity and Its Environment Needs to Be Updated              A51
Reporting................................................................A52‑A59
Appendix 1: Examples of Amounts or Other Items that May be Included in the Other Information

[Aus] Appendix 2: Decision tree diagram for Other Information Reporting in the Auditor's Report

[Aus] Appendix 3: Illustrations of Auditor's Reports Relating to Other Information

COMPILATION DETAILS

Auditing Standard ASA 720 The Auditor's Responsibilities Relating to Other Information (as Amended)

This compilation takes into account amendments made up to and including 15 March 2023 and was prepared on 31 March 2023 by the Auditing and Assurance Standards Board (AUASB).

This compilation is not a separate Auditing Standard made by the AUASB.  Instead, it is a representation of ASA 720 (December 2015) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard            Date made        Operative Date
ASA 720 [A]         1 December 2015  Financial reporting periods ending on or after 15 December 2016
ASA 2020-2 [B]      30 June 2020     Financial reporting periods ending on or after 15 July 2020
ASA 2020-1 [C]      3 March 2020     Financial reporting periods commencing on or after 15 December 2021[*]
ASA 2021-1 [D]      10 March 2021    Financial reporting periods commencing on or after 15 December 2022
ASA 2023-1 [E]      15 March 2023    Financial reporting periods commencing on or after 1 January 2023
ASA 2022-1     [F]  27 April 2022    Financial reporting periods commencing on or after 15 December 2023

Legislation History

Standard    Registration Number  Registration Date  Commencement Date

ASA 720     F2015L02027          16 December 2015   17 December 2015

ASA 2020-2  F2020L00885          7 July 2020        8 July 2020

ASA 2020-1  F2020L00252          13 March 2020      14 December 2021