ASA 700 - Forming an Opinion and Reporting on a Financial Report - October 2009
Example Auditor’s Report Consolidated EnExample Auditor’s Report Consolidated Entity(Fair Presentation Framework)
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Example Auditor’s Report
Consolidated Entity
(Fair Presentation Framework)
Illustration 3:
Circumstances include the following:
Audit of a consolidated entity’s financial report prepared for a general purpose by management of the parent—the financial statements are prepared in accordance with Australian Accounting Standards.
The financial report is not prepared under the Corporations Act 2001.
The financial report includes a statement that the financial statements comply with International Financial Reporting Standards (IFRSs).
The terms of the group audit engagement reflect the description of management’s responsibility for the financial report in ASA 210.
In addition to the audit of the group financial report, the auditor has other reporting responsibilities required under local law.
INDEPENDENT AUDITOR’S REPORT
[Appropriate Addressee]