Final answer:
Auditing standards require auditors to read other information included in annual reports that relate to the financial statements to identify any material inconsistencies or misstatements.
Step-by-step explanation:
Auditing standards require the auditor to read other information included in annual reports pertaining directly to the financial statements. This does not imply that the auditor must audit or express an opinion on this other information, but they should be familiar with it to understand the context in which the financial statements are presented. Additionally, when auditors read this information, they are responsible for identifying any material inconsistencies or misstatements that may exist when the information is compared to the financial statements.