ASRE 2410 - Review of a Financial Report Performed by the Independent Auditor of the Entity - October 2009
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The most recently compiled versions of Auditing Standards on Review Engagements, original Standards and amending Standards (see Compilation Details) are available on the AUASB website: www.auasb.gov.au
Contact Details
Auditing and Assurance Standards BoardLevel 7, 600 Bourke StreetMelbourne Victoria 3000AUSTRALIA
Phone: (03) 8080 7400Fax: (03) 8080 7450E‑mail: enquiries@auasb.gov.auPostal Address:PO Box 204Collins Street WestMelbourne Victoria 8007AUSTRALIA
Part COMPILATION DETAILS - ASRE 2410 - Review of a Financial Report Performed by the Independent Auditor of the Entity - October 2009 - COMPILATION DETAILS | Zoe
Enquiries, Analytical and Other Review Procedures..........................16‑20
Comparatives – First Financial Report.............................................21
Evaluation of Misstatements....................................................22
Written Representations..............................................23‑24
Auditor’s Responsibility for Accompanying Information......................25‑26
Conformity with International Standards on Review Engagements
Appendix 1: Example of an Engagement Letter for a Review of a Financial Report
Example of a Representation Letter
Appendix 2: Analytical Procedures the Auditor May Consider When Performing a Review of a Financial Report
Illustrative Detailed Procedures that may be Performed in an Engagement to Review a Financial Report
Appendix 3: An Auditor’s Review Report under the Corporations Act 2001
Financial Report for a Half‑Year
Example of an Unmodified Auditor’s Review Report on a Half‑Year Financial Report – Single Disclosing Entity
Appendix 4: Example of an Unmodified Auditor’s Review Report on a Financial Report
Financial Report Prepared in Accordance with a Financial Reporting Framework Designed to Achieve Fair Presentation
Example of an Auditor’s Review Report with a Qualified Conclusion (Except For) for a Departure from the Applicable Financial Reporting Framework
Financial Report Prepared in Accordance with a Financial Reporting Framework Designed to Achieve Fair Presentation
Example of an Auditor’s Review Report with a Qualified Conclusion for a Limitation On Scope Not Imposed by Management
Financial Report Prepared in Accordance with a Financial Reporting Framework Designed to Achieve Fair Presentation
Example of An Auditor’s Review Report with an Adverse Conclusion for a Departure from the Applicable Financial Reporting Framework
Financial Report Prepared in Accordance with a Financial Reporting Framework Designed to Achieve Fair Presentation
Example of an Auditor’s Review Report with a Qualified Conclusion (Except for) on the Basis that Comparatives have not been Reviewed or Audited
Financial Report Prepared in Accordance with a Financial Reporting Framework Designed to Achieve Fair Presentation
COMPILATION DETAILS
Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor
of the Entity (as Amended)
This compilation takes into account amendments made up to and including 1 July 2013 and was prepared on 1 July 2013 by the Auditing and Assurance Standards Board (AUASB).
This compilation is not a separate Auditing Standard on Review Engagements made by the AUASB. Instead, it is a representation of ASRE 2410 (October 2009) as amended by another Auditing Standard on Review Engagements which is listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASRE 2410 [A]
27 October 2009
1 January 2010
ASA 2011‑1 [B]
27 June 2011
1 July 2011
ASA 2013-3 [C]
1 July 2013
1 July 2013
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
39
Amended
ASA 2011‑1 [87]
Appendix 1: Example Engagement Letter
Amended
ASA 2011‑1 [88]
Appendix 1: Example Engagement Letter
Amended
ASA 2011‑1 [89]
Appendix 1: Example Representation Letter
Amended
ASA 2011‑1 [90]
Appendix 3: Example Auditor’s Report
Amended
ASA 2011‑1 [91]
Appendix 3: Example Auditor’s Report
Amended
ASA 2011‑1 [92]
Appendix 3: Example Auditor’s Report
Amended
ASA 2011‑1 [93]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [94]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [95]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [96]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [97]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [98]
Appendix 4: Example Auditor’s Report
Amended
ASA 2011‑1 [99]
Appendix 1: Example Engagement Letter
Amended
ASA 2013‑3 [17]
Appendix 3: Example Auditor’s Report
Amended
ASA 2013‑3 [18]
[A] Federal Register of Legislative Instruments – registration number F2009L04107,
27 October 2009
[B] Federal Register of Legislative Instruments – registration number F2011L01379,
27 June 2011
[C] Federal Register of Legislative Instruments – registration number F2013L01326,
1 July 2013
AUTHORITY STATEMENT
Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (as amended to 1 July 2013) is set out in paragraphs Aus 0.1 to A60 and Appendices 1 to 4.
This Auditing Standard on Review Engagements is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied.