ASA 705 - Modifications to the Opinion in the Independent Auditor's Report - December 2015
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Table of Amendments
| Paragraph affected | How affected | By … [paragraph] |
|---|---|---|
| Appendix | Amended | ASA 2020‑2 [56] to [61] |
| Appendix | Amended | ASA 2023‑1 [31] to [35] |
| A10 | Amended | ASA 2022-1 [42] |
AUTHORITY STATEMENT
Auditing Standard ASA 705 Modifications to the Opinion in the Independent Auditor's Report (as amended to 15 March 2023) is set out in paragraphs Aus 0.1 to A27 and Appendix.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 705 Modifications to the Opinion in the Independent Auditor's Report issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.
The following application and other explanatory material are additional to ISA 705:
- Paragraphs Aus A12.1; Aus A15.1; and Aus A23.1 refer to requirements under the Corporations Act 2001.
- The appendix includes [Aus] Illustration 1A, [Aus] Illustration 2A and [Aus] Illustration 3A example auditor’s reports (in respect of a single company and a group) that conform with the requirements of the Corporations Act 2001.
This Auditing Standard incorporates terminology and definitions used in Australia.
The equivalent requirements and related application and other explanatory material included in ISA 705 in respect of “relevant ethical requirements”, have been included in Auditing Standard, ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements. There is no international equivalent to ASA 102.
Compliance with this Auditing Standard enables compliance with ISA 705.