First Class Auditors Responsibility For Other Information Depreciation In Profit And Loss Statement

A The auditor has no obligation to read the other information B The auditor has no obligation to corroborate the other information but should read the other information. 04 Other information in a document may be relevant to an audit performed by an independent auditor or to the continuing propriety of his report. Other information The auditor is required to read the other information and. The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditors report. On Auditing ISA 720 Revised The Auditors Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditors Report Thereon proposed ISA. Standard on Auditing SA 720 Revised deals with the auditors responsibilities relating to other information whether financial or non-financial information other than financial statements and the auditors report thereon included in an entitys annual report. The auditors responsibility with respect to the other information any proce-dures performed relating to the other information and the results. This opinion is given in accordance with auditing standards that require the auditors to plan certain procedures and report on the results of the audit while considering the representations assertions and responsibility of management for the financial statements. Material Inconsistencies09 If on reading the other information the auditor identifies a mate-rial inconsistency the auditor should determine whether the audited financial. This SA requires the auditor to read and consider the other information because other information that is materially inconsistent with the financial statements or the auditors knowledge obtained in the audit may indicate that there is a material misstatement of the financial statements or that a material misstatement of the other information exists either of which may undermine the credibility of the financial statements and the auditors.

This SA requires the auditor to read and consider the other information because other information that is materially inconsistent with the financial statements or the auditors knowledge obtained in the audit may indicate that there is a material misstatement of the financial statements or that a material misstatement of the other information exists either of which may undermine the credibility of the financial statements and the auditors. This opinion is given in accordance with auditing standards that require the auditors to plan certain procedures and report on the results of the audit while considering the representations assertions and responsibility of management for the financial statements. If it is not. While retaining the current passfail approach to the audit report the. The auditors responsibility with respect to the other information any proce-dures performed relating to the other information and the results. Auditors Responsibility Relating to Other Information - ISA 720 Revised Comments to be received by April 30th 2013. Other Information Included in Annual Reports 1037 AU-CSection720 The Auditors Responsibilities Relating to Other Information Included in Annual Reports SourceSASNo137SASNo141. The auditors 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 auditors report. A The auditor has no obligation to read the other information B The auditor has no obligation to corroborate the other information but should read the other information. On Auditing ISA 720 Revised The Auditors Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditors Report Thereon proposed ISA.

While retaining the current passfail approach to the audit report the. Auditors Responsibility Relating to Other Information - ISA 720 Revised Comments to be received by April 30th 2013. A The auditor has no obligation to read the other information B The auditor has no obligation to corroborate the other information but should read the other information. The auditors responsibility is to express an independent objective opinion on the financial statements of a company. Which of the following best describes the auditors responsibility for other information included in the annual report to stockholders that contains financial statements and the auditors report. The auditors 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 auditors report. Other information The auditor is required to read the other information and. On August 13 2013 the PCAOB issued Release 2013-005¹ which proposes two new auditing standards on the auditors reporting model and on the auditors responsibilities for other information included in annual reports filed with the SECThe release also proposes conforming changes to certain PCAOB standards. This SA requires the auditor to read and consider the other information because other information that is materially inconsistent with the financial statements or the auditors knowledge obtained in the audit may indicate that there is a material misstatement of the financial statements or that a material misstatement of the other information exists either of which may undermine the credibility of the financial statements and the auditors. CAS 720 The Auditors Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements deals with the auditors responsibilities relating to other information whether financial or non-financial information other than financial statements and the auditors report thereon included in an entitys annual report.

While retaining the current passfail approach to the audit report the. Other information The auditor is required to read the other information and. Standard on Auditing SA 720 Revised deals with the auditors responsibilities relating to other information whether financial or non-financial information other than financial statements and the auditors report thereon included in an entitys annual report. The auditor shall make appropriate arrangements with management or those charged with governance to obtain the other information prior to the date of the auditors report. Effective for audits of financial statements for periods ending on or afterDecember152021. The auditors responsibilities relating to the other information in particular the nature and extent of work required to achieve the auditors objectives under proposed ISA 720 Revised with regard to different types of other information. The auditors 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 auditors report. CAS 720 The Auditors Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements deals with the auditors responsibilities relating to other information whether financial or non-financial information other than financial statements and the auditors report thereon included in an entitys annual report. The auditors responsibilities regarding dissemination by the entity of documents on which work has been performed in accordance with proposed ISA 720. The scope of forensic audits can be as wide as necessary and can take a significant amount of time and resources.

The auditor shall read the other information to identify material inconsistencies if any with the audited financial statements. 04 Other information in a document may be relevant to an audit performed by an independent auditor or to the continuing propriety of his report. This opinion is given in accordance with auditing standards that require the auditors to plan certain procedures and report on the results of the audit while considering the representations assertions and responsibility of management for the financial statements. The auditors responsibility with respect to information in a document does not extend beyond the financial information identified in his report and the auditor has no obligation to perform any procedures to corroborate other information contained in a document. An auditor is responsible for using a mixture of audit and investigative techniques to determine whether the suspicion of fraud is warranted and if so the effects of the fraud. The auditors responsibility is to express an independent objective opinion on the financial statements of a company. The auditors responsibility with respect to the other information any proce-dures performed relating to the other information and the results. Effective for audits of financial statements for periods ending on or afterDecember152021. Which of the following best describes the auditors responsibility for other information included in the annual report to stockholders that contains financial statements and the auditors report. On August 13 2013 the PCAOB issued Release 2013-005¹ which proposes two new auditing standards on the auditors reporting model and on the auditors responsibilities for other information included in annual reports filed with the SECThe release also proposes conforming changes to certain PCAOB standards.