Auditor’s Responsibilities

Introduction

Paragraph 41of SLAuS 700 (Revised) Forming an Opinion and Reporting on a Financial Report requires the description of the auditor’s responsibilities required by SLAuS 700 paragraphs 39-40 to be included:

• a) Within the body of the auditor’s report;
• b) Within an appendix to the auditor’s report, in which case the auditor’s report shall include a reference to the location of the appendix; or
• c) By a specific reference within the auditor’s report to the location of such a description on a website of an appropriate authority, where law, regulation or Sri Lanka Auditing Standards expressly permit the auditor to do so.

SLAuS 700 paragraph A57 provides Application and Other Explanatory Material that when the auditor refers to a description of the auditor's responsibilities on a website, the appropriate authority is the Sri Lanka Accounting and Auditing standards committee website and the website address is www.slaasc.com/auditing/auditors responsibility

Auditor’s Responsibilities - Description forming part of the auditor’s report.

Paragraph 41(c) of SLAuS 700 (Revised) Forming an Opinion and Reporting on a Financial Report explains that when law, regulation or Sri Lanka auditing standards expressly permit, reference can be made to a website of an appropriate authority (Sri Lanka Accounting and Auditing standards committee website) that contains the description of the auditor’s responsibilities, rather than including this material in the auditor’s report, provided that the description on the website addresses, and is not inconsistent with, the description of the auditor’s responsibilities below.

	SLAuS 600* does not apply	SLAuS 600 Applies
Fair presentation framework
Listed	Statement 1	Statement 2
Non-listed	Statement 3	Statement 4
Compliance framework
Non-listed	Statement 5

* SLAuS 600 Special considerations – Audits of Group Financial Statements (including the work of Component auditor)