CAS 720: Other Information
Requirements for the auditor's responsibilities relating to other information (e.g., MD&A) included in documents containing audited financial statements.
Why CAS 720 matters
For Canadian reporting issuers, MD&A is the most consequential 'other information.' Inconsistencies between MD&A and the financial statements are a near-universal CPAB finding.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 720?
Requirements for the auditor's responsibilities relating to other information (e.g., MD&A) included in documents containing audited financial statements.
Why does CAS 720 matter for an audit?
For Canadian reporting issuers, MD&A is the most consequential 'other information.' Inconsistencies between MD&A and the financial statements are a near-universal CPAB finding.
Which framework does CAS 720 belong to?
CAS 720 falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
See how Auditus checks CAS 720
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 720.