Amendments to ASA 706Amendments to ASA 706

Amendments to ASA 706

1. Existing paragraph A17 is amended to read as follows:

Appendix 3 is an illustration of the interaction between the Key Audit Matters section, an Emphasis of Matter paragraph and an Other Matter paragraph when all are presented in the auditor’s report. The illustrative report in Appendix 4 includes an Emphasis of Matter paragraph in an auditor’s report for an entity other than a listedpublicly traded entity that contains a qualified opinion and for which key audit matters have not been communicated.

1. Existing [Aus] Illustration 1A in Appendix 3 is amended to read as follows:

[Aus] Illustration 1A:

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

 Audit of a single listedpublicly traded company’s financial report using a fair presentation framework. The audit is not a group audit (i.e., ASA 600* does not apply).

 …

1. Existing [Aus] Illustration 2A in Appendix 4 is amended to read as follows:

Example Auditor’s Report

Single Entity (not listedpublicly traded)

(Fair Presentation Framework)

[Aus] Illustration 2A

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 using a fair presentation framework. The audit is not a group audit (i.e., ASA 600 does not apply).

 …