Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (June 2020)
EXAMPLE UNMODIFIED AUDITOR’S REVIEW REPOEXAMPLE UNMODIFIED AUDITOR’S REVIEW REPORT ON A HALF‑YEAR FINANCIAL REPORT — SINGLE listed company — Corporations Act 2001
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EXAMPLE UNMODIFIED AUDITOR’S REVIEW REPORT ON A HALF‑YEAR FINANCIAL REPORT – SINGLE listed company – Corporations Act 2001
INDEPENDENT AUDITOR’S REVIEW REPORT
To the members of [name of entity]
Report on the Half‑Year Financial Report[23]
Conclusion
We have reviewed the half‑year financial report of [name of entity], which comprises the statement of financial position as at 31 December 20XX, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the half‑year ended on that date, a summary of significant accounting policies[24] and other explanatory information, and the directors’ declaration.[25]
Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half‑year financial report of [name of company/registered scheme/disclosing entity] does not comply with the Corporations Act 2001 including:
- giving a true and fair view of the [name of entity’s] financial position as at 31 December 20XX and of its performance for the half‑year ended on that date; and
- complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.
Basis for Conclusion
We conducted our review in accordance with ASRE 2410 Review of Financial Report Performance by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.
We confirm that the independence declaration required by the Corporations Act 2001 which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor’s review report.[26]
Responsibility of the Directors for the Financial Report
The directors of the [company/registered scheme/disclosing entity] are responsible for the preparation of the half‑year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half‑year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.