Document ID: chunk:federal_register_of_legislation:F2023C01138:reg:4:p21
Version: federal_register_of_legislation:F2023C01138
Segment Type: reg
Provision Reference: reg 4 (pt 21/43)
Character Range: 63097–66330

the audit has been conducted in accordance with Australian Auditing Standards, promotes credibility in the global marketplace by making more readily identifiable those audits that have been conducted in accordance with globally recognised standards.  When the differences between the legal or regulatory requirements to report with respect to the other information and this Auditing Standard relate only to the layout and wording in the auditor's report and, at a minimum, each of the elements identified in paragraph 24 is included in the auditor's report, the auditor's report may refer to Australian Auditing Standards.  Accordingly, in such circumstances the auditor is considered to have complied with the requirements of this Auditing Standard, even when the layout and wording used in the auditor's report is specified by legal or regulatory reporting requirements.

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Appendix 1

(Ref: Para. 14, A8)

Examples of Amounts or Other Items that May Be Included in the Other Information

The following are examples of amounts and other items that may be included in other information.  This list is not intended to be exhaustive.

Amounts

      * Items in a summary of key financial results, such as net income, earnings per share, dividends, sales and other operating revenues, and purchases and operating expenses.

      * Selected operating data, such as income from continuing operations by major operating area, or sales by geographical segment or product line.

      * Special items, such as asset dispositions, litigation provisions, asset impairments, tax adjustments, environmental remediation provisions, and restructuring and reorganisation expenses.

      * Liquidity and capital resource information, such as cash, cash equivalents and marketable securities; dividends; and debt, capital lease and minority interest obligations.

      * Capital expenditures by segment or division.

      * Amounts involved in, and related financial effects of, off balance sheet arrangements.

      * Amounts involved in guarantees, contractual obligations, legal or environmental claims, and other contingencies.

      * Financial measures or ratios, such as gross margin, return on average capital employed, return on average shareholders' equity, current ratio, interest coverage ratio and debt ratio.  Some of these may be directly reconcilable to the financial report.

Other Items

      * Explanations of critical accounting estimates and related assumptions.

      * Identification of related parties and descriptions of transactions with them.

      * Articulation of the entity's policies or approach to manage commodity, foreign exchange or interest rate risks, such as through the use of forward contracts, interest rate swaps, or other financial instruments.

      * Descriptions of the nature of off balance sheet arrangements.

      * Descriptions of guarantees, indemnifications, contractual obligations, litigation or environmental liability cases, and other contingencies, including management's qualitative assessments of the entity's related exposures.

      * Descriptions of changes in legal or regulatory requirements, such as new tax or environmental regulations, that have materially