Document ID: chunk:federal_register_of_legislation:F2023C00329:reg:16:p15
Version: federal_register_of_legislation:F2023C00329
Segment Type: reg
Provision Reference: reg 16 (pt 15/23)
Character Range: 46457–49602

on the financial report for the period ended 30 June 20X0 was modified accordingly.  Our opinion on the current period's financial report is also modified because of the possible effect of this matter on the comparability of the current period's figures and the corresponding figures.

We conducted our audit in accordance with Australian Auditing Standards.  Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report.  We are independent of the Entity in accordance with the ethical requirements of the Accounting Professional & 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.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Responsibilities of Management and Those Charged with Governance for the Financial Report

[Reporting in accordance with ASA 700 – see Illustration 3 in the Appendix of ASA 700.]

Auditor's Responsibilities for the Audit of the Financial Report

[Reporting in accordance with ASA 700 – see Illustration 3 in the Appendix of ASA 700.]

[Signature][*]

[Date of the auditor's report]

[Auditor's address]

Example Auditor's Report
General Purpose Financial Report
Corresponding Figures

Qualified opinion on prior year, which affects the comparability of the current year financial report—Corporations Act 2001 (Fair Presentation Framework)
[Aus] Illustration 2A – Corresponding Figures (Ref: Para. A5)
For purposes of this illustrative auditor's report, the following circumstances are assumed:
                    Audit of the financial report of a single listed company.  The audit is not a group audit (i.e., ASA 600[21] does not apply).
                    The financial report is prepared by the directors of the company in accordance with Australian Accounting Standards (a general purpose framework) and under the Corporations Act 2001.
                    The terms of the audit engagement reflect the description of the directors' responsibility for the financial report in ASA 210.[22]
                    The auditor's report on the prior period, as previously issued, included a qualified opinion.
                    The matter giving rise to the modification is unresolved.
                    The effects or possible effects of the matter on the current period's figures are immaterial but require a modification to the auditor's opinion because of the effects or possible effects of the unresolved matter on the comparability of the current period's figures and the corresponding figures.
                    The relevant ethical requirements that apply to the audit are the Accounting Professional & Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards).
                    Based on the audit evidence obtained, the