CONTENTSCONTENTS

# CONTENTS COMPILATION DETAILS AUTHORITY STATEMENT CONFORMITY WITH INTERNATIONAL STANDARDS ON REVIEW ENGAGEMENTS Paragraphs Application.................................................................1 Operative Date..............................................................2 Introduction Scope of this Auditing Standard on Review Engagements................................3 Objective..................................................................4 Definitions.................................................................5 Requirements Performing a Review.........................................................6-7 General Principles of a Review of a Financial Report.................................8-10 Agreeing the Terms of the Engagement..........................................11-12 Procedures for a Review of a Financial Report.....................................13-14 Materiality.................................................................15 Enquiries, Analytical and Other Review Procedures.................................16-21 Comparatives – First Financial Report.............................................22 Evaluation of Misstatements....................................................23 Written Representations.....................................................24-25 Auditor’s Responsibility for Other Information....................................26-27 Communication...........................................................29-32 Reporting the Nature, Extent and Results of the Review of a Financial Report..............33-39 Departure from the Applicable Financial Reporting Framework........................40-41 Limitation on Scope..........................................................42 Limitation on Scope Imposed by Management.....................................43-47 Other Limitations on Scope Not Imposed by Management...............................48 Going Concern and Material Uncertainties.......................................49-51 Emphasis of Matter Paragraph................................................52-53 Other Matter Paragraph........................................................54 Documentation..............................................................55 Application and Other Explanatory Material Objective...............................................................A1-A3 Performing a Review.........................................................A4 General Principles of a Review of a Financial Report...............................A5-A7 Agreeing the Terms of the Engagement............................................A8 Procedures for a Review of a Financial Report...................................A9-A13 Materiality............................................................A14-A18 Enquiries, Analytical and Other Review Procedures..............................A19-A27 Comparatives – First Financial Report........................................A28-A31 Evaluation of Misstatements...............................................A32-A34 Written Representations......................................................A35 Auditor’s Responsibility for Other Information.................................A36-A38 Communication........................................................A39-A42 Reporting the Nature, Extent and Results of the Review of a Financial Report...........A43-A44 Relevant Ethical Requirements.................................................A45 Departure from the Applicable Financial Reporting Framework......................A46-A47 Limitation on Scope.........................................................A48 Limitation on Scope Imposed by Management..................................A49-A50 Other Limitations on Scope Not Imposed by Management.........................A52-A53 Going Concern and Material Uncertainties.....................................A54-A56 Emphasis of Matter Paragraphs.................................................A58 Other Considerations....................................................A59-A64 Documentation............................................................A65 Appendix 1: Example of an Engagement Letter for a Review of a Financial Report Example of a Representation Letter Appendix 2: Analytical Procedures the Auditor May Consider When Performing a Review of a Financial Report Illustrative Detailed Procedures that may be Performed in an Engagement to Review a Financial Report Appendix 3: An Auditor’s Review Report under the Corporations Act 2001 Appendix 4: Example of an Unmodified Auditor’s Review Report on a Financial Report - Fair Presentation Framework Example of an Auditor’s Review Report with a Qualified Conclusion (Except For) for a Departure from the Applicable Financial Reporting Framework – Fair Presentation Framework Example of an Auditor’s Review Report with a Qualified Conclusion for a Limitation On Scope Not Imposed by Management -Fair Presentation Framework Example of an Auditor’s Review Report with an Adverse Conclusion for a Departure from the Applicable Financial Reporting Framework - Fair Presentation Framework Example of an Unmodified Auditor’s Review Report on a Financial Report - Compliance Framework