ASA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report - October 2009
Example Auditor’s Report General PurposeExample Auditor’s Report General Purpose Financial Report Qualified Opinion and Emphasis of Matter
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Example Auditor’s Report
General Purpose Financial Report
Qualified Opinion and Emphasis of Matter
Illustration 1:
Circumstances include the following:
Audit of a general purpose financial report prepared by management of the entity—the financial statements are prepared in accordance with Australian Accounting Standards.
The financial report is not prepared under the Corporations
Act 2001.
The terms of the audit engagement reflect the description of management’s responsibility for the financial report in ASA 210.[4]
There is uncertainty relating to a pending exceptional litigation matter.
A departure from the applicable financial reporting framework resulted in a qualified opinion.
In addition to the audit of the financial report, the auditor has other reporting responsibilities required under local law.
INDEPENDENT AUDITOR’S REPORT
[Appropriate Addressee]