SA 720: The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited :

Financial Statements-This Standard on Auditing (SA) deals with the auditor’s responsibility regarding other information in documents containing audited financial statements and the auditor’s report thereon. As per SA 720 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. This SA also deals with the requirements related to reading other information, material inconsistencies and material misstatements of fact.