Amendments to ASA 800Amendments to ASA 800

Amendments to ASA 800

Amendments to ASA 800 Appendix 1: Illustration 1, Illustration 2 and [Aus] Illustration 5

1. Illustration 1: An auditor’s report on a financial report of an entity other than a listed entity prepared in accordance with the financial reporting provisions of a contract (for purposes of this illustration, a compliance framework), is amended to read as follows:

INDEPENDENT AUDITOR’S REPORT

…

Auditor’s Responsibilities for the Audit of the Financial Report

…

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• …

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings that we identify during our audit, including any:

• sSignificant deficiencies in internal control that we identify during our audit;
• Identified fraud or suspected fraud; and
• Other matters related to fraud that are, in the auditor’s judgement, relevant to the responsibilities of those charged with governance.

…

1. Illustration 2: An auditor’s report on a financial report of an entity other than a listed entity prepared in accordance with the tax basis of accounting in Jurisdiction X (for purposes of this illustration, a compliance framework), is amended to read as follows:

INDEPENDENT AUDITOR’S REPORT

…

Auditor’s Responsibilities for the Audit of the Financial Report

…

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• …

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings that we identify during our audit, including any:

• sSignificant deficiencies in internal control that we identify during our audit;
• Identified fraud or suspected fraud; and
• Other matters related to fraud that are, in the auditor’s judgement, relevant to the responsibilities of those charged with governance.

…

1. [Aus] Illustration 5: An auditor’s report on a financial report prepared by a not-for-profit incorporated association in accordance with the financial reporting provisions of the applicable legislation (for purposes of this illustration, a fair presentation framework), is amended to read as follows: