Auditing Standard ASA 2023-1 Amendments to Australian Auditing Standards
Amendments to ASA 720Amendments to ASA 720
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Amendments to ASA 720
Amendments to ASA 720 [Aus] Appendix 3: [Aus] Illustration 1A, [Aus] Illustration 2A, Illustration 3, [Aus] Illustration 4A, [Aus] Illustration 5A, [Aus] Illustration 6A and [Aus] Illustration 7A
- [Aus] Illustration 1A: An auditor’s report of a listed company, containing an unmodified opinion when the auditor has obtained all of the other information prior to the date of the auditor's report and has not identified a material misstatement of the other information, 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 of a listed company containing an unmodified opinion when the auditor has obtained part of the other information prior to the date of the auditor’s report, has not identified a material misstatement of the other information, and expects to obtain other information after the date of the auditor’s report, is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
…
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, and 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 3: An auditor’s report of an entity other than a listed entity containing an unmodified opinion when the auditor has obtained part of the other information prior to the date of the auditor’s report, has not identified a material misstatement of the other information, and expects to obtain other information after the date of the auditor’s report, is amended to read as follows:
INDEPENDENT AUDITOR’S REPORT
…
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.*