Matters to Be CommunicatedMatters to Be Communicated

Matters to Be Communicated

The Auditor’s Responsibilities in Relation to the Financial Report Audit

1. The auditor shall communicate with those charged with governance the responsibilities of the auditor in relation to the financial report audit, including that:
   1. The auditor is responsible for forming and expressing an opinion on the financial report that has been prepared by management with the oversight of those charged with governance; and
   2. The audit of the financial report does not relieve management or those charged with governance of their responsibilities. (Ref: Para. A9‑A10)

Planned Scope and Timing of the Audit

1. The auditor shall communicate with those charged with governance an overview of the planned scope and timing of the audit. (Ref: Para. A11‑A15)

Significant Findings from the Audit

1. The auditor shall communicate with those charged with governance: (Ref: Para. A16)
   1. The auditor’s views about significant qualitative aspects of the entity’s accounting practices, including accounting policies, accounting estimates and financial report disclosures. When applicable, the auditor shall explain to those charged with governance why the auditor considers a significant accounting practice, that is acceptable under the applicable financial reporting framework, not to be most appropriate to the particular circumstances of the entity; (Ref: Para. A17)
   2. Significant difficulties, if any, encountered during the audit; (Ref: Para. A18)
   3. Unless all of those charged with governance are involved in managing the entity:
      1. Significant matters, if any, arising from the audit that were discussed, or subject to correspondence with management; and (Ref: Para. A19)
      2. Written representations the auditor is requesting; and
   4. Other matters, if any, arising from the audit that, in the auditor’s professional judgement, are significant to the oversight of the financial reporting process. (Ref: Para. A20)

Auditor Independence

1. In the case of listed entities the auditor shall communicate with those charged with governance:
   1. A statement that the engagement team and others in the firm as appropriate, the firm and, when applicable, network firms have complied with relevant ethical requirements regarding independence;[*] and
   2. (i) All relationships and other matters between the firm, network firms, and the entity that, in the auditor’s professional judgement, may reasonably be thought to bear on independence. This shall include total fees charged during the period covered by the financial report for audit and non‑audit services provided by the firm and network firms to the entity and components controlled by the entity. These fees shall be allocated to categories that are appropriate to assist those charged with governance in assessing the effect of services on the independence of the auditor; and