Report on the Remuneration Report[§]Report on the Remuneration Report[§]

Report on the Remuneration Report[§]

Opinion on the Remuneration Report

We have audited the Remuneration Report included in [paragraphs a to b or pages x to y] of the directors’ report for the year ended 30 June 20X1.

In our opinion, the Remuneration Report of ABC Company Ltd., for the year [period] ended 30 June 20X1, complies with section 300A of the Corporations Act 2001.

Responsibilities

The directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards.

[Auditor’s name and signature][*]

[Name of Firm]

[Date of the auditor’s report][#]

[Auditor’s address]

Example Auditor’s Report
Group Entity—Corporations Act 2001
(Fair Presentation Framework)

[Aus] Illustration 2A:

For purposes of this illustrative auditor’s report, the following circumstances are assumed:

 Audit of the financial report of a listed company and its subsidiaries (the Group). The audit is a group audit (i.e. ASA 600 applies).

 The financial report is prepared by the directors of the company in accordance with Australian Accounting Standards (a general purpose framework) and under the Corporations Act 2001. The directors have elected to report only the consolidated financial position and financial results in the primary financial statements.

 The terms of the audit engagement reflect the description of the directors’ responsibility for the financial report in ASA 210.

 The auditor has concluded an unmodified (i.e. “clean”) opinion is appropriate based on the audit evidence obtained.

 The relevant ethical requirements that apply to the audit are the Accounting Professional & Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code). The Code includes independence requirements that are applicable to audits of financial reports of public interest entities. The Code also requires the auditor to publicly disclose that the independence requirements applicable to audits of financial reports of public interest entities were applied.

 Based on the audit evidence obtained, the auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern in accordance with ASA 570.