CONTENTS

COMPILATION DETAILS

AUTHORITY STATEMENT

Paragraphs

Application............................... Aus 0.1-Aus 0.2

Operative Date............................. Aus 0.3

Introduction

Scope of this Auditing Standard.................. 1

Types of Modified Opinions..................... 2

Effective Date.............................. 3

Objective................................. 4

Definitions................................ 5

Requirements

Circumstances When a Modification to the Auditor’s Opinion is Required 6

Determining the Type of Modification to the Auditor’s Opinion 7-15

Form and Content of the Auditor’s Report When the Opinion Is Modified 16-27

Communication with Those Charged with Governance... 28

Application and Other Explanatory Material

Types of Modified Opinions..................... A1

Nature of Material Misstatements................. A2-A7

Nature of an Inability to Obtain Sufficient Appropriate Audit Evidence A8-A12

Consequence of an Inability to Obtain Sufficient Appropriate Audit Evidence Due to a Management-Imposed Limitation after the Auditor Has Accepted the Engagement Aus A12.1-Aus A15.1

Other Considerations Relating to an Adverse Opinion or Disclaimer of Opinion A16

Form and Content of the Auditor’s Report When the Opinion is Modified A17-A24

Communication with Those Charged with Governance... A25

Conformity with International Standards on Auditing

Appendix 1: Illustrations of Auditors’ Reports with Modifications to the Opinion – General Purpose Financial Reports