Document ID: chunk:federal_register_of_legislation:F2023C01140:reg:39:p39
Version: federal_register_of_legislation:F2023C01140
Segment Type: reg
Provision Reference: reg 39 (pt 39/53)
Character Range: 118472–121627

report of a listed company and its subsidiaries (the Group).  The audit is a group audit (i.e. ASA 600 applies).

                     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 directors have elected to report only the consolidated financial position and financial results in the primary financial statements.

                     The terms of the audit engagement reflect the description of the directors' responsibility for the financial report in ASA 210.

                     The auditor has concluded an unmodified (i.e. "clean") opinion is appropriate based on the audit evidence obtained.

                     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 auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the Group'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 all of the other information prior to the date of the auditor's report and has not identified a material misstatement of the other information.

                     In addition to the audit of the financial report, the auditor has other reporting responsibilities required under section 308(3C) of the Corporations Act 2001. (Ref: Para. 43‑45)

INDEPENDENT AUDITOR'S REPORT

[Appropriate Addressee]

Report on the Audit of the Financial Report[#]

Opinion

We have audited the financial report of ABC Company Ltd. (the Company and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 20X1, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information, and the directors' declaration.

In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001, including:

    (i)                 giving a true and fair view of the Group's financial position as at 30 June 20X1 and of its financial performance for the year then ended; and

    (ii)               complying with Australian Accounting Standards and the Corporations Regulations 2001.

Basis for Opinion

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 Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting