ASA 700 - Forming an Opinion and Reporting on a Financial Report - December 2015
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Opinion
We have audited the financial report of ABC Company Ltd. (the Company), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information, and the directors’ declaration.
In our opinion, the accompanying financial report of ABC Company Ltd., is in accordance with the Corporations Act 2001, including:
- giving a true and fair view of the company’s financial position as at 30 June 20X1 and of its financial performance for the year then ended; and
- complying with Australian Accounting Standards and the Corporations Regulations 2001.