EXAMPLE OF AN UNMODIFIED AUDITOR’S REVIEEXAMPLE OF AN UNMODIFIED AUDITOR’S REVIEW REPORT ON A HALF‑YEAR FINANCIAL REPORT — SINGLE DISCLOSING ENTITY

EXAMPLE OF AN UNMODIFIED AUDITOR’S REVIEW REPORT ON A HALF‑YEAR FINANCIAL REPORT – SINGLE DISCLOSING ENTITY

INDEPENDENT AUDITOR’S REVIEW REPORT

To the members of [name of entity]

Report on the Half‑Year Financial Report

We have reviewed the accompanying half‑year financial report of [name of entity], which comprises the condensed statement of financial position as at 31 December 20XX, the condensed statement of comprehensive income, condensed statement of changes in equity and condensed statement of cash flows for the half‑year ended on that date, notes comprising a summary of significant accounting policies [statement or description of accounting policies[19]] and other explanatory information, and the directors’ declaration.[20]

Directors’ Responsibility for the Half‑Year Financial Report

The directors of the [company/registered scheme/disclosing entity] are responsible for the preparation of the half‑year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors [those charged with governance] determine is necessary to enable the preparation of the half‑year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half‑year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity, in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half‑year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the [company’s/registered scheme’s/disclosing entity’s] financial position as at 31 December 20XX and its performance for the half‑year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. As the auditor of [name of entity], ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half‑year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.