Auditing Standard ASA 2023-1 Amendments to Australian Auditing Standards
Amendments to ASA 700Amendments to ASA 700
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Amendments to ASA 700
Amendments to ASA 700 Appendix 1: [Aus] Illustration 1A, [Aus] Illustration 2A, Illustration 3 and Illustration 4
- [Aus] Illustration 1A: An auditor’s report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 (a fair presentation framework), is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
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Opinion
We have audited the financial report of ABC Company Ltd. (the Company), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the directors’ declaration.
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- [Aus] Illustration 2A: An auditor’s report on a financial report of a listed company and its subsidiaries (Group) prepared in accordance with the Corporations Act 2001 (a fair presentation framework), is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
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Opinion
We have audited the financial report of ABC Company Ltd. (the Company and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 20X1, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the directors’ declaration.
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- Illustration 3: An auditor’s report on a financial report of an entity other than a listed entity prepared in accordance with a fair presentation framework, is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
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Opinion
We have audited the financial report of ABC Entity (the Entity), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the declaration by those charged with governance.#
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- Illustration 4: An auditor’s report on a financial report of an entity other than a listed entity prepared in accordance with a general purpose compliance framework, is amended to read as follows: