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In addition to the financial statements and related disclosures, the typical annual report contains various discussions by the company's management, such as forecasts or how

In addition to the financial statements and related disclosures, the typical annual report contains various discussions by the company's management, such as forecasts or how economic conditions have affected the industry. The external auditor should normally

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include in the opinion a statement of belief as to whether the information is correct.

read the other information and assess whether anything is inconsistent with the financial statements.

perform specific auditing procedures to provide the same level of assurance as for the financial statements.

ignore the other information since it is not included as part of the audit.

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