AUASB Research Report 12: Understanding and evaluating the effectiveness of ASA 720, The Auditor’s Responsibilities Relating to Other Information, and its role in the current environment.

Monday, July 29, 2024

The AUASB has issued a Research Report authored by Dr Dale Fu and Professor Roger Simnett on the reporting practices and effectiveness of revisions to ASA 720, The Auditor’s Responsibilities Relating to Other Information.  

Using a sample of Australian listed companies’ auditor’s reports issued between 2017 and 2022, the findings offer insights into the disclosure trends of the other information section of the auditor’s report. Based on the findings, the report provides recommendations to encourage further improvements in the quality and integrity of corporate reporting.