1. The Additional Information in Identification “Containing audited Financial Statements”
Summary: Eliminates the distinction between other information that is included in an
auditor submitted document that contains the clients basic financial statements and the
auditors report thereon and other information that is in a client prepared document
that the auditor read the other information of which the auditor is aware in order to
identify material inconsistencies, if any, with the audited financial statements.
The auditor becomes aware of an apparent material misstatement of fact, that the
auditor discusses the matter with management. If, after discussion, the auditor still
considers that there is an apparent material misstatement of fact, the statement
establishes a presumptively mandatory requirement that the auditor request
management to consult with a qualified third party,
Introduction:
This article describes the auditor’s responsibilities when other information is included in
documents that contain the audited financial statements and the auditor’s report. Such
Documents might be annual reports to holders of securities or beneficial interests,
annual Reports of charitable or philanthropic entities, and annual filings required by the
Securities Exchange,
Events to Apply:
The auditor should read the other information in the document to determine whether it
is consistent with the financial statements but is under no obligation to corroborate it.
If the auditor determines that there are material inconsistencies between the audited
financial statements and the other information, the auditor should determine whether
the financial statements or the audit report needs to be revised. If neither requires
revision, the auditor should ask that the client revise the additional information. If the
client fails to revise the additional information, the auditor should consider An
Examination of an Entity's Internal Control over Financial Reporting That is integrated
with an Audit of Its Financial Statements, should be followed,
Elucidation:
01. The purpose of this International Standard on Auditing (ISA) is to establish
standards and provide guidance on the auditor’s consideration of other information, on
which the auditor has no obligation to report, in documents containing audited financial
statements. Such as those used in securities offerings
02. If the auditor has not been engaged to examine and report on management's
Assertion, the auditor should follow "the auditor has no obligation to perform any
procedures to corroborate other information contained in a document."
03. An auditor is required to consider internal control in an audit of the financial
statements; he or she would often be familiar with matters covered in a management
report on internal control over financial reporting. As a result, the auditor may become
aware of information that causes him or her to believe that management's assertion on

2. the effectiveness of internal control over financial reporting contains a material
misstatement of fact as described,
04. Examples of other information include a report by management or those charged
with governance on operations, financial summaries or highlights, employment data,
planned capital expenditures, financial ratios, names of officers and directors and
selected quarterly data.
05. Some jurisdictions require the auditor to apply specific procedures to certain of the
other information,
Other References by Management to Internal Control over Financial Reporting,
I. Access to Other Information
II. Consideration of Other Information
III. Material Inconsistencies
IV. Material Misstatements of Fact
V. Availability of Other Information
I. Access to other Information:
An auditor can consider other information included in the annual report, timely access to
such information will be required. The auditor therefore needs to make appropriate
arrangements with the entity to obtain such information prior to the date of the
auditor’s report. In certain circumstances, all the other information may not be available
prior to such date
II. Consideration of Other Information:
The objective and scope of an audit of financial statements are formulated on the
premise that the auditor’s responsibility is restricted to information identified in the
auditor’s report. Accordingly, the auditor has no specific responsibility to determine
that other information is properly stated.
III. Material Inconsistencies:
The auditor identifies a material irregularity; the auditor should determine whether the
audited financial statements or the other information needs to be amended. If an
amendment is necessary in the audited financial statements and the entity refuses to
make the amendment, the auditor should express a qualified or adverse opinion.
IV. Material Misstatements of Fact:
When the auditor still considers that there is an apparent misstatement of fact, the
auditor should request management to consult with a qualified third party, such as the
entity’s legal counsel and should consider the advice received.

3. V. Availability of Other Information:
When all the other information is not available to the auditor prior to the date of the
auditor’s report, the auditor would read the other information at the earliest possible
opportunity thereafter to identify material inconsistencies. If, on reading the other
information, the auditor identifies a material inconsistency or becomes aware of an
apparent material misstatement of fact, the auditor would determine whether the
audited financial statements or the other information need revision.
Conclusion: Commonly, management may discuss its responsibility for internal control
over financial reporting and report on its effectiveness. In reading such information, the
auditor should evaluate specific references by management that deal with the auditor's
consideration of internal control in planning and performing the audit of the financial
statements, particularly if such reference Would lead the reader to assume the auditor
had performed more work than required under generally accepted auditing standards or
would lead the reader to believe that the auditor was giving assurances on internal
control. The auditor should also consider whether management's comment or statement
uses the auditor's name in such a way as to indicate or imply that the auditor's
involvement is greater than is supported by the facts.
Auditors may be asked by their clients to render professional services with respect to
information in electronic sites. Such services, which might take different forms, are not
contemplated by segment. Other auditing or attestation standards may apply,
About The Author:
Mohammad Wahid Abdullah Khan (MBA, CPFA, CPIA, CFC)
Dhaka, Bangladesh
Home Page: http://wahidbd.page4.me
MOHAMMAD WAHID ABDULLAH KHAN Dhaka, Bangladesh, is a PhD Candidate in
"Criminal Psychology" as well he is “freelance Author, online columnists, Human
psychoanalyst, industrial psychotherapist, Certified Financial Consultant, & Certified
Forensic Accountant, too dynamic entrepreneur, utilize creativity leadership and
teamwork to design and execute solutions that creates customer value.
Moreover Mr. Khan is CEO & Certified Consultant of” Wahid & co, Wak Business
Solutions, Wak Business Support, “Wam Associates” & leader of the” Wahid Consulting
Group”; Prior to consultancy Mr. Wahid has fulfilled more than 14 (fourteen) years

4. working in various fields of Business like - Accounts, Finance, Auditing (Internal &
External Audit), Project budgeting and Project costing related positions in some of the
largest group & join venture companies in Bangladesh. Which experience encouraged him
to work as a “professional consultant” from a few years,
Mr. Khan is realistic and implements his assignment within the bounds, objectives and
capabilities of the organization. His extraordinary quick understanding of strategic
options helps find direction and supports management in decision making. He has a “doer”
attitude and gets things done on the technical and functional side. As a “Consultant” Mr.
Wahid believe that his study & physiological motivation is very strong, as well my
confident level is high & my quantitative skills are well-built also he is crystal clear about
my every single goal which helped me to be a very tough contestant “Consultant” in the
business consultant arena
Professional Membership:
• Associate Member – Institute of Management Consultants Bangladesh (IMCB)
•Member- Association of Proposal Management Professionals® (APMP®)
• Member – The Next level Purchasing Association.
•Member- The Chartered Institute of Personnel and Development (CIPD)
• Member - The Professional Risk manager’s international Association (PRMIA)
• Affiliate Member- Global Association of Risk Professional (GARP)
• Member - The International Association of Risk and Compliance Professionals (IARCP)
• Lifetime Member - Dragon fire martial arts association “International” (DFMAA)
• Individual Member: License Logic LLC
• Associate Membership - The American Psychological Association (APA)
• Member - The Global Community of Information Professionals