The auditor reads the other information and considers whether there is a material inconsistency with the financial statements or with knowledge obtained in the audit. No opinion is expressed on it, but it is addressed in a separate section of the report.
Source: BDS 720
Related terms
Independent auditor's reportThe formal report in which the auditor sets out in writing the opinion reached on the financial statements and the basis for that opinion.Financial statementsThe set of reports presenting, in a structured way, an entity's financial position, performance and cash flows for a specific date and period.Integrated reportingA company presenting its strategy, governance, performance and prospects in a single report that explains its value-creation process across financial and non-financial capitals.Adverse opinionThe opinion in which the auditor states that the financial statements are not presented fairly, where misstatements are both material and pervasive.Agreed-upon proceduresAn engagement in which the practitioner performs procedures agreed with the entity and, where relevant, a third party, and reports only the findings without providing assurance.Analytical proceduresThe evaluation of financial information through analysis of plausible relationships among financial and non-financial data.
Last updated: October 31, 2026 · This definition is for general information only.