Auditing Standard ASA 2023-1 Amendments to Australian Auditing Standards
Amendments to ASA 710Amendments to ASA 710
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Amendments to ASA 710
Amendments to ASA 710 Appendix 1: Illustration 1, [Aus] Illustration 1A, Illustration 2, [Aus] Illustration 2A, Illustration 3 and Illustration 4
- Illustration 1: An auditor’s report on a financial report, containing a qualified opinion due to a material misstatement of prior period corresponding figures, which impact the current period’s financial report, is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
…
Qualified Opinion
We have audited the financial report of ABC Entity (the Entity), which comprises the statement of financial position as at 30 June 20X1, 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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- [Aus] Illustration 1A: An auditor’s report on a financial report, containing a qualified opinion due to a material misstatement of prior period corresponding figures, which impact the current period’s financial report. (under the Corporations Act 2001), is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
…
Qualified 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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- Illustration 2: An auditor’s report on a current period financial report, containing a qualified opinion due to a material misstatement of the prior period corresponding figures, which impact the comparability of the financial report, is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
…
Qualified Opinion
We have audited the financial report of ABC Entity (the Entity), which comprises the statement of financial position as at 30 June 20X1, 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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- [Aus] Illustration 2A: An auditor’s report on a current period financial report, containing a qualified opinion due to a material misstatement of the prior period corresponding figures, which impact the comparability of the financial report. (under the Corporations Act 2001), is amended to read as follows: