Document ID: chunk:federal_register_of_legislation:F2022C01208:schedule:1:p1
Version: federal_register_of_legislation:F2022C01208
Segment Type: schedule
Provision Reference: sch 1 (pt 1/5)
Character Range: 168226–171061

Schedule 1 – Repeals

Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (June 2020) – F2020L00788

      1. The whole of the instrument

    Repeal the instrument.

[1]   See, for example, Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001.
[2] Refer AASB 134 Interim Financial Reporting this is relevant for a complete set of financial statements, for condensed financial statements refer to selected explanatory notes.
[3]  See Corporation Act 2001 section 309 (4)
[4]  Consistent with ASA 700 paragraph 46, under the Corporations Act 2001 the auditor of a company or registered scheme is required to sign the auditor's review report in both their own name and the name of their firm [section 324AB(3)] or the name of the audit company [section 324AD(1)], as applicable.
*   See ASRE 2400 Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity.
[5]   See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.
[6]   See ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements and ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information.
*   See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
*   See ASA 210 Agreeing the Terms of Audit Engagements.
[*]
[*]  See ASA 720 The Auditor's Responsibilities Relating to Other Information.
[7]  See ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report.
[8]  See ASA 700 Forming an Opinion and Reporting on a Financial Report.
[9]  Insert the appropriate term, such as "Directors' or 'Board of Management".
[10]  If the term "half-year financial report" is not appropriate, then this term should be changed to reflect the report being reviewed.
[11]  If the period being reviewed is other than six months, then this should be amended as appropriate.
[12]  Amend as appropriate - refer paragraph 34 (f)
[13]  If the term "half-year financial report" is not appropriate, then this term should be changed to reflect the report being reviewed.
[14]  Insert the appropriate term, such as "Directors or Board of Management".
[15]  Use if applicable.
[16]  If the period being reviewed is other than six months, then this should be amended as appropriate.
[17]  If the term "half-year financial report" is not appropriate, then this term should be changed to reflect the type of report being reviewed.
[18]  The term "financial report" should be changed to reflect the type of report being