28 December 2012
This SA deals with Auditor’s responsibility in relation to Other Information* presented in documents (annual reports or similar document) containing audited Financial Statements and the auditor’s report thereon.
*Other information may comprise for example: A report by Management or those charged with governance on operations. Financial Summaries or highlights. Planned Capital expenditures. Financial ratios.
The objective of the auditor is to respond appropriately when documents containing audited financial statements and the auditor’s report thereon include other information that could undermine the credibility of those financial statements and the auditor’s report.
Reading Other Information
The Auditor shall make an appropriate arrangements with Management or Those Charged with Governance, to provide such other information, prior to the date of auditor’s report to the auditor.
Read such other information to identify Material Inconsistencies or Material Misstatement of facts , if any with audited financial statements.
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