International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon
Exposure Draft

This exposure draft seeks views from stakeholders in relation to proposed International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon. The proposals extend the scope of the extant standard and the auditor’s responsibilities and include suggested auditor reporting responsibilities.

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Submitted Comment Letters

1. D&L Scott (United Kingdom)
January 5, 2013

2. WK- Westworth KempConsultants (Australia)
February 14, 2013

3. CIPFA (United Kingdom)
February 18, 2013

4. Chris Barnard (Germany)
March 6, 2013

5. Insolvency Guardian (Australia)
March 11, 2013

6. UK National Audit Office (United Kingdom)
March 11, 2013

7. IPAR- Institute of Professional Accuntants of Russia (Russian Federation)
March 12, 2013

8. MNP LLP (Canada)
March 12, 2013

9. CPA Australia (Australia)
March 13, 2013

10. ICPAS- Institute of Certfied Public Accountants of Singapore (Singapore)
March 13, 2013

11. AAA - American Accounting Association- Auditing Standards Committee of the Auditing Section (United States)
March 14, 2013

12. ASSIREVI (Italy)
March 14, 2013

13. Australian Auditing and Assurance Standards Board (Australia)
March 14, 2013

14. Australian Council of Auditors General (Australia)
March 14, 2013

15. BDO (United Kingdom)
March 14, 2013

16. Baker Tilly UK Audit LLP (United Kingdom)
March 14, 2013

17. CAASB (Canada)
March 14, 2013

18. Center for Audit Quality (United States)
March 14, 2013

19. Chamber of Auditors Czech Republic (Czech Republic)
March 14, 2013

20. Deloitte Touche Tohmatsu Limited (United States)
March 14, 2013

21. Eumedion (Netherlands)
March 14, 2013

22. European Audit Inspection Group (15 European Regulators)  (Europe)
March 14, 2013

23. FAR (Institute for the Accountancy Profession in Sweden) (Sweden)
March 14, 2013

24. GAO (United States)
March 14, 2013

25. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
March 14, 2013

26. Hydro-Quebec (Canada)
March 14, 2013

27. IAIS- International Association of Insurance Supervisors (Switzerland)
March 14, 2013

28. ICAC- Ministry of Economics an Competiveness(Institute of Accounting and Audit) (Spain)
March 14, 2013

29. ICAS (United Kingdom)
March 14, 2013

30. ICGN- International Corporate Governance Network (United Kingdom)
March 14, 2013

31. IIA- Institute of Internal Auditors (United States)
March 14, 2013

32. JICPA- Japanese Institute of Certified Public Accountants (Japan)
March 14, 2013

33. KPMG IFRG Limited (United Kingdom)
March 14, 2013

34. Kreston International Ltd (United Kingdom)
March 14, 2013

35. NBA- Nederlands Beroepsorganisatie van Accountants (Netherlands)
March 14, 2013

36. NZAUASB- New Zealand Audting and Assurance Standads Board (New Zealand)
March 14, 2013

37. Pitcher Partners (Australia)
March 14, 2013

38. RCA- Russian Collegium of Auditor (Russian Federation)
March 14, 2013

39. RSM International (United Kingdom)
March 14, 2013

40. SAICA- South Africa Institute of Chartered Accounants (South Africa)
March 14, 2013

41. Swedish National Audit Office  (Sweden)
March 14, 2013

42. WAO- Wales Audit Office (United Kingdom)
March 14, 2013

43. WPK - Wirthschaftspruferkammer (German Public Accountnts) (Germany)
March 14, 2013

44. ZICA (Zambia)
March 14, 2013

45. European Federation of Accountants and Auditors for SMEs (Europe)
March 15, 2013

46. Hermes Equity Ownership Services (United Kingdom)
March 15, 2013

47. ICAA- Institue of Chartered Accountants in Australia (Australia)
March 15, 2013

48. ICAEW (United Kingdom)
March 15, 2013

49. ICAP (Pakistan)
March 15, 2013

50. Association of Chartered Certified Accountants (United Kingdom)
March 18, 2013

51. FSR - danske revisorer (Denmark)
March 18, 2013

52. NYSSCPA (United States)
March 18, 2013

53. PWC- PricewaterhouseCooper International Limited (United Kingdom)
March 18, 2013

54. Basel Committee on Banking Supervision (Switzerland)
March 19, 2013

55. Fédération des Experts comptables Européens - FEE (Europe)
March 19, 2013

56. Grant Thornton International Ltd (United Kingdom)
March 19, 2013

57. MIA-Malaysian Institute of Certified Public Accountants (Malaysia)
March 19, 2013

58. Altaf Noor Ali (Pakistan)
March 20, 2013

59. American Institute of CPAs (United States)
March 20, 2013

60. Australian Institute of Company Directors (Australia)
March 20, 2013

61. IDW-Institut der Wirtschaftspruefer in Deutshland e.V. (Germany)
March 20, 2013

62. IRBA- Independent Regulatory Board for Auditors (South Africa)
March 20, 2013

63. MAOB- Securities Commission of Malaysia- Audit Oversight Board (Malaysia)
March 20, 2013

64. MIA- Malta Insitute of Accountants (Malta)
March 21, 2013

65. Ernst & Young (United Kingdom)
March 22, 2013

66. Denise Juvenal (Brazil)
March 23, 2013

67. Office of the Auditor General of New Zealand (New Zealand)
March 27, 2013

68. CNCC CSOEC (France)
April 3, 2013

Related Resources

• A Framework for Audit Quality
• Enhancing the Value of Auditor Reporting: Exploring Options for Change
• ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information
• Improving the Auditor’s Report
• The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications