What does other information mean on the CPA exam?
Other information. Financial and non-financial information included in the annual report outside the audited statements. The auditor reads it for material inconsistency but does not audit it.
Defined against AU-C 720.12.
Which CPA exam sections use other information?
Other information appears in the AUD section of the CPA exam.
Related terms
- required supplementary information: Schedules a government must present outside the basic statements, such as budgetary comparisons and pension trend data.
- management's discussion and analysis: A narrative overview management provides ahead of the financial statements.
- management's specialist: An expert management uses to help prepare the financial statements, such as an actuary or an appraiser.
- analytical procedures: Evaluations of financial information by studying plausible relationships among financial and nonfinancial data.
- risk assessment procedures: The audit procedures designed and performed to identify and assess the risks of material misstatement at the financial statement and assertion levels.
- report release date: The date the auditor grants the entity permission to use the report.