Auditor’s Responsibilities for the AuditAuditor’s Responsibilities for the Audit of the Financial Report

Auditor’s Responsibilities for the Audit of the Financial Report

[Reporting in accordance with ASA 700 – see [Aus] Illustration 1A in the Appendix of ASA 700.]

Report on the Remuneration Report

[Reporting in accordance with ASA 700 – see [Aus] Illustration 1A in the Appendix of ASA 700.]

[Auditor’s name and signature][*]

[Name of Firm]

[Date of the auditor’s report]

[Auditor’s address]

Example Auditor’s Report
General Purpose Financial Report
Corresponding Figures

Qualified opinion on prior year, which affects the comparability of the current year financial report (Fair Presentation Framework)

Illustration 2 – Corresponding Figures (Ref: Para. A5)

For purposes of this illustrative auditor’s report the following circumstances are assumed:

 Audit of the financial report of an entity other than a listed entity. The audit is not a group audit (i.e., ASA 600 does not apply).

 The financial report is prepared by management of the entity in accordance with Australian Accounting Standards (a general purpose framework). 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.

 The auditor’s report on the prior period, as previously issued, included a qualified opinion.

 The matter giving rise to the modification is unresolved.

 The effects or possible effects of the matter on the current period’s figures are immaterial but require a modification to the auditor’s opinion because of the effects or possible effects of the unresolved matter on the comparability of the current period’s figures and the corresponding figures.

 The relevant ethical requirements that apply to the audit are the Accounting Professional & Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

 Based on the audit evidence obtained, the auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern in accordance with ASA 570.

 The auditor is not required, and has otherwise not decided, to communicate key audit matters in accordance with ASA 701.

 The auditor has not obtained any other information prior to the date of the auditor’s report.

 Those responsible for oversight of the financial report differ from those responsible for the preparation of the financial report.