AUASB 2025-9 Amendments to AUASB Standards
Amendments to ASA 705Amendments to ASA 705
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Amendments to ASA 705
Amendments to ASA 705 Appendix: [Aus] Illustration 1A, [Aus] Illustration 2A, [Aus] Illustration 3A, Illustration 4 and Illustration 5
- [Aus] Illustration 1A is amended to read as follows:
[Aus] Illustration 1A: Qualified Opinion due to a Material Misstatement of the Financial Report
For purposes of this illustrative auditor’s report, the following circumstances are assumed:
Audit of the financial report of a single listedpublicly traded company. The audit is not a group audit (i.e. ASA 600 does not apply).
…
- [Aus] Illustration 2A is amended to read as follows:
[Aus] Illustration 2A: Adverse Opinion due to a Material Misstatement of the Financial Report
For purposes of this illustrative auditor’s report, the following circumstances are assumed:
Audit of the financial report of a listedpublicly traded company and its subsidiaries (the Group). The audit is a group audit (i.e. ASA 600 applies).
…
- [Aus] Illustration 3A is amended to read as follows:
[Aus] Illustration 3A: Qualified Opinion due the Auditor’s Inability to Obtain Sufficient Audit Evidence Regarding a Foreign Associate
For purposes of this illustrative auditor’s report, the following circumstances are assumed:
Audit of the financial report of a listedpublicly traded company and its subsidiaries (the Group). The audit is a group audit (i.e. ASA 600 applies).
…
- Illustration 4 is amended to read as follows:
Example Auditor’s Report
Consolidated Entity (not listedpublicly traded)
(Fair Presentation Framework)
Illustration 4 – Disclaimer of Opinion due to the Auditor’s Inability to Obtain Sufficient Appropriate Audit Evidence about a Single Element of the Financial Report
For purposes of this illustrative auditor’s report, the following circumstances are assumed:
Audit of a financial report of an entity other than a listedpublicly traded entity, and its subsidiaries (the Group). The audit is a group audit (i.e., ASA 600 applies).
…
- Illustration 5 is amended to read as follows:
Example Auditor’s Report
Single Entity (not listedpublicly traded)
(Fair Presentation Framework)
Illustration 5 – Disclaimer of Opinion due to the Auditor’s Inability to Obtain Sufficient Appropriate Audit Evidence about Multiple Elements of the Financial Report