Section Form of Opinion (Ref: Para. 18‑19) - ASA 700 - Forming an Opinion and Reporting on a Financial Report - October 2009 - Form of Opinion (Ref: Para. 18‑19)

There may be cases where the financial report, although prepared in accordance with the requirements of a fair presentation framework, does not achieve fair presentation. Where this is the case, it may be possible for management to include additional disclosures in the financial report beyond those specifically required by the framework or, in extremely rare circumstances, to depart from a requirement in the framework in order to achieve fair presentation of the financial report.
It will be extremely rare for the auditor to consider a financial report that is prepared in accordance with a compliance framework to be misleading if, in accordance with ASA 210, the auditor determined that the framework is acceptable.[14]

Form of Opinion (Ref: Para. 18‑19)Form of Opinion (Ref: Para. 18‑19)