EXAMPLE B — AUDITOR’S REVIEW REPORT WITHEXAMPLE B — AUDITOR’S REVIEW REPORT WITH A QUALIFIED CONCLUSION (EXCEPT FOR) FOR A DEPARTURE FROM THE APPLICABLE FINANCIAL REPORTING FRAMEWORK — Fair presentation framework

## EXAMPLE B – AUDITOR’S REVIEW REPORT WITH A QUALIFIED CONCLUSION (EXCEPT FOR) FOR A DEPARTURE FROM THE APPLICABLE FINANCIAL REPORTING FRAMEWORK – Fair presentation framework INDEPENDENT AUDITOR’S REVIEW REPORT To \[appropriate addressee\] Report on the \[appropriate title for the financial report\] Financial Report[\[38\]](#_ftn43) Qualified Conclusion We have reviewed the \[period\] financial report of \[name of entity\], which comprises the statement of financial position as at \[date\], the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, a summary of significant accounting policies[\[39\]](#_ftn44) and other explanatory information, and \[the declaration by those charged with governance[\[40\]](#_ftn45)\].[\[41\]](#_ftn46),[\[42\]](#_ftn47) Based on our review, which is not an audit, except for the effects of the matter described in the Basis for Qualified Conclusion section, nothing has come to our attention that causes us to believe that the accompanying \[period\] financial report of \[name of entity\] does not present fairly, in all material respects, \[or “give a true and fair view of”[\[43\]](#_ftn48)\] the financial position of the \[entity\] as at \[date\], and of its financial performance and its cash flows for the \[period\] period ended on that date, in accordance with \[applicable financial reporting framework\]. Basis for Qualified Conclusion Based on information provided to us by management, \[name of entity\] has excluded from property and long‑term debt certain lease obligations that we believe should be capitalised to conform with \[indicate applicable financial reporting framework\]. This information indicates that if these lease obligations were capitalised at 31 December 20XX, property would be increased by $\_\_\_\_\_\_\_, long‑term debt by $\_\_\_\_\_\_\_, and net income and earnings per share would be increased (decreased) by $\_\_\_\_\_\_\_\_ and $\_\_\_\_\_\_\_\_ respectively for the \[period\] ended on that date. We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed 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 \[entity\] in accordance with 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 our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. Responsibility of Management for the Financial Report[\[44\]](#_ftn49) Management are responsible for the preparation and fair presentation of the \[period\] financial report in accordance with the \[applicable financial reporting framework\]and for such internal control as the directors \[those charged with governance\] determine is necessary to enable the preparation and fair presentation of the \[period\] financial report that is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility for the Review of the Financial Report Our responsibility is to express a conclusion on the financial report based on our review. ASRE 2410 requires us to conclude whether anything has come to our attention that causes us to believe that the \[period\] financial report of \[name of entity\] does not present fairly, in all material respects, \[or “give a true and fair view of”[\[45\]](#_ftn50)\] the financial position of the \[entity\] as at \[date\], and of its financial performance and its cash flows for the \[period\] period ended on that date, in accordance with \[applicable financial reporting framework\]. A review of a financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Report on Other Legal and Regulatory Requirements \[Form and content of this section of the auditor’s review report will vary depending on the nature of the auditor’s other reporting responsibilities\]. \[Auditor’s signature\][\[46\]](#_ftn51) \[Date of the auditor’s review report\][\[47\]](#_ftn52) \[Auditor’s address\] EXAMPLE C – AUDITOR’S REVIEW REPORT WITH A QUALIFIED CONCLUSION FOR A LIMITATION ON SCOPE NOT IMPOSED BY MANAGEMENT – FAIR PRESENTATION framework INDEPENDENT AUDITOR’S REVIEW REPORT To \[appropriate addressee\] Report on the \[appropriate title for the financial report\] Financial Report[\[48\]](#_ftn53) Qualified Conclusion We have reviewed the \[period\] financial report of \[name of entity\], which comprises the statement of financial position as at \[date\], the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, a summary of significant accounting policies[\[49\]](#_ftn54) and other explanatory information, and \[the declaration by those charged with governance[\[50\]](#_ftn55)\].[\[51\]](#_ftn56),[\[52\]](#_ftn57) Based on our review, which is not an audit, except for the possible effects of the matter described in the Basis for Qualified Conclusion section, nothing has come to our attention that causes us to believe that the accompanying \[period\] financial report of \[name of entity\] does not present fairly, in all material respects, \[or “give a true and fair view of”[\[53\]](#_ftn58)\] the financial position of the \[entity\] as at \[date\], and of its financial performance and its cash flows for the \[period\] period ended on that date, in accordance with \[applicable financial reporting framework\]. Basis for Qualified Conclusion As a result of a fire in a branch office on \[date\] that destroyed its accounts receivable records, we were unable to complete our review of accounts receivable totalling $\_\_\_\_\_\_\_ included in the \[period\] financial report. The \[entity\] is in the process of reconstructing these records and is uncertain as to whether these records will support the amount shown above and the related allowance for uncollectible accounts. We consider the possible effects incapable of reliable measurement at this time. Had we been able to complete our review of accounts receivable, matters might have come to our attention indicating that adjustments might be necessary to the \[period\] financial report. We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed 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 \[entity\] in accordance with 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 our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. Responsibility of Management for the Financial Report[\[54\]](#_ftn59) Management of the \[type of entity\] are responsible for the preparation and fair presentation of the \[period\] financial report in accordance with the \[applicable financial reporting framework\] and for such internal control as management determine is necessary to enable the preparation and fair presentation of the \[period\] financial report that is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility for the Review of the Financial Report Our responsibility is to express a conclusion on the financial report based on our review. ASRE 2410 requires us to conclude whether anything has come to our attention that causes us to believe that the \[period\] financial report of \[name of entity\] does not present fairly, in all material respects, \[or “give a true and fair view of”[\[55\]](#_ftn60)\] the financial position of the \[entity\] as at \[date\], and of its financial performance and its cash flows for the \[period\] period ended on that date, in accordance with \[applicable financial reporting framework\]. A review of a half‑year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Report on Other Legal and Regulatory Requirements \[Form and content of this section of the auditor’s review report will vary depending on the nature of the auditor’s other reporting responsibilities.\] \[Auditor’s signature[\[56\]](#_ftn61)\] \[Date of the auditor’s review report[\[57\]](#_ftn62)\] \[Auditor’s address\]