Document ID: chunk:federal_register_of_legislation:F2021L01300:body:0:p4
Version: federal_register_of_legislation:F2021L01300
Segment Type: other
Provision Reference: 
Character Range: 9104–10169

inserted following existing paragraph A20 of this Auditing Standard:

In addition to considering if it is appropriate to obtain legal advice in accordance with paragraph A20, other possible actions the auditor may consider include:

(a)                Notifying management and those charged with governance that the auditor's report must no longer be associated with the financial report.

(b)                If applicable, notifying the appropriate authority having jurisdiction over the entity that the auditor's report should no longer be relied upon, and requesting the authority to take steps to provide appropriate disclosure.

(c)                Notifying users of the financial report that the auditor's report should no longer be relied upon. Such notifications could be through direct communication or by broader means such as through a public notice.

12.               As a result of the amendments above, the "Conformity with International Standards on Auditing" section of this Auditing Standard will be updated to reflect the new paragraphs inserted.