International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information

The revised ISA aims to clarify and increase the auditor’s involvement with “other information”—defined in the standard as financial and non-financial information, other than the audited financial statements, that is included in entities’ annual reports. It also includes new requirements related to auditor reporting on other information that complement the changes arising from the IAASB’s new and revised Auditor Reporting standards, issued earlier this year.