On September 10, 2023, the AICPA issued Technical Questions and Answers (TQA) 9160.37, Reporting When Supplementary Information is Materially Misstated in Relation to the Financial Statements as a Whole. TQA 9160.37 provides nonauthoritative guidance that addresses the auditor’s reporting on the supplementary information in accordance with AU-C section 725, Supplementary Information in Relation to the Financial Statements as a Whole, when an auditor concludes that supplementary information is materially misstated in relation to the financial statements as a whole and the opinion on the basic financial statements is unmodified. The TQA also addresses whether the auditor’s report on the supplementary information may be included in a separate report or if it is required to be included as a separate section in the auditor’s report on the financial statements.
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