The auditor of a regulated entity generally has special reporting responsibilities in addition to the responsibility to report on financial statements. These special reporting responsibilities take two forms:
(a) A responsibility to provide a report on matters specified in legislation or by a regulator. The statutory duty to report to a regulator applies to information which comes to the attention of the auditor in the auditor's capacity as auditor. In determining whether information is obtained in that capacity, two criteria in particular need to be considered: first, whether the person who obtained the information also undertook the audit work; and if so, whether it was obtained in the course of or as a result of undertaking the audit work. Appendix 2 to this Section of this ISA (UK and Ireland) sets out guidance on the application of these criteria.