Document ID: chunk:federal_register_of_legislation:F2023C01138:reg:4:p11
Version: federal_register_of_legislation:F2023C01138
Segment Type: reg
Provision Reference: reg 4 (pt 11/43)
Character Range: 35453–38464

via the entity's website, the version of the other information obtained from the entity, rather than directly from the entity's website, is the relevant document on which the auditor would perform procedures in accordance with this Auditing Standard.  The auditor has no responsibility under this Auditing Standard to search for other information, including other information that may be on the entity's website, nor to perform any procedures to confirm that other information is appropriately displayed on the entity's website or otherwise has been appropriately transmitted or displayed electronically.

A20.         The auditor is not precluded from dating or issuing the auditor's report if the auditor has not obtained some or all of the other information.

A21.         When the other information is obtained after the date of the auditor's report, the auditor is not required to update the procedures performed in accordance with paragraphs 6 and 7 of ASA 560.[7]

A22.         ASA 580[8] establishes requirements and provides guidance on the use of written representations.  The written representation required to be requested by paragraph 13(c) regarding other information that will be available only after the date of the auditor's report is intended to support the auditor's ability to complete the procedures required by this Auditing Standard with respect to such information.  In addition, the auditor may find it useful to request other written representations, for example, that:

           * Management has informed the auditor of all the documents that it expects to issue that may comprise other information;

           * The financial report and any other information obtained by the auditor prior to the date of the auditor's report is consistent with one another, and the other information does not contain any material misstatements; and

           * With regard to other information that has not been obtained by the auditor prior to the date of the auditor's report, that management intends to prepare and issue such other information and the expected timing of such issuance.

Reading and Considering the Other Information (Ref: Para. 14–15)

A23.         The auditor is required by ASA 200[9] to plan and perform the audit with professional scepticism.  Maintaining professional scepticism when reading and considering the other information includes, for example, recognising that management may be overly optimistic about the success of its plans, and being alert to information that may be inconsistent with:

(a)                The financial report; or

(b)                The auditor's knowledge obtained in the audit.

A24.         In accordance with ASA 220, the engagement partner is required to take responsibility for the direction and supervision of the members of the engagement team and the review of their work,[10] and determine that the nature, timing and extent of direction, supervision and review is planned and performed in accordance with the firm's policies or