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ISA 720 (Revised) — The Auditor’s Responsibilities Relating to Other Information

ISA 720 (Revised) is an international pronouncement addressing the auditor’s responsibilities for other information included in an annual report. It addresses the auditor’s responsibilities relating to other information in an annual report, including reading and considering material inconsistencies and apparent material misstatements. It does not extend the financial-statement audit opinion to that other information.

Worked example

The auditor reads the annual report and investigates a material inconsistency with knowledge obtained in the audit.

Common mistake

The financial-statement opinion does not automatically provide a separate assurance opinion on all other information.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA AA Supporting September 2026–June 2027
ACCA AAA (INT) Supporting September 2026–June 2027