Section [Aus] Illustration 1A: Illustration of I - Auditing Standard ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors) - [Aus] Illustration 1A: Illustration of Independent Auditor’s Report When the Group Auditor Is Not Able to Obtain Sufficient Appropriate Audit Evidence on Which to Base the Group Audit Opinion — General Purpose Financial Report, Qualified Opinion under the Corporations Act 2001

[Aus] Illustration 1A: Illustration of I[Aus] Illustration 1A: Illustration of Independent Auditor’s Report When the Group Auditor Is Not Able to Obtain Sufficient Appropriate Audit Evidence on Which to Base the Group Audit Opinion — General Purpose Financial Report, Qualified Opinion under the Corporations Act 2001

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[Aus] Illustration 1A: Illustration of Independent Auditor’s Report When the Group Auditor Is Not Able to Obtain Sufficient Appropriate Audit Evidence on Which to Base the Group Audit Opinion – General Purpose Financial Report, Qualified Opinion under the Corporations Act 2001

For purposes of this illustrative auditor’s report, the following circumstances are assumed:The audit is a group audit of a listed company with subsidiaries (i.e., ASA 600 applies).The consolidated financial report is prepared by the directors of the company in accordance with Australian Accounting Standards (a general purpose framework). The financial report is prepared under the Corporations Act 2001.The terms of the audit engagement reflect the description of the directors’ responsibility for the consolidated financial report in ASA 210.The group auditor is unable to obtain sufficient appropriate audit evidence relating to a component accounted for by the equity method (recognised at $15 million in the statement of financial position, which reflects total assets of $60 million) because the group auditor did not have access to the accounting records, management, or auditor of the component.The group auditor has read the audited financial report of the component as at 31 December, 20X1, including the auditor’s report thereon, and considered related financial information kept by group management in relation to the component.In the group engagement partner’s judgement, the effect on the group financial report of this inability to obtain sufficient appropriate audit evidence is material but not pervasive.[*]The APESB Code comprises all of the relevant ethical requirements that apply to the audit.Based on the audit evidence obtained, the auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern in accordance with ASA 570.Key audit matters have been communicated in accordance with ASA 701.[#]The auditor has obtained no other information prior to the date of the auditor's report but expects to obtain the other information after the date of the auditor’s report.In addition to the audit of the consolidated financial report, the auditor has other reporting responsibilities required under section 308(3C) of the Corporations Act 2001.