Document ID: chunk:federal_register_of_legislation:F2023L00295:body:0:p7
Version: federal_register_of_legislation:F2023L00295
Segment Type: other
Provision Reference: 
Character Range: 18782–21921

summary of significant accounting policies, and the directors' declaration.

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    21.               [Aus] Illustration 2A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 containing a qualified opinion when the auditor has concluded that a material uncertainty exists and that the financial report is materially misstated due to inadequate disclosure, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

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    Qualified Opinion

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

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    22.               [Aus] Illustration 3A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 containing an adverse opinion when the auditor has concluded that a material uncertainty exists and the financial report omits the required disclosures relating to a material uncertainty, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

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    Adverse Opinion

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

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    23.               [Aus] Illustration 4A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 containing a disclaimer of opinion (limitation of scope) when the auditor has been unable to obtain sufficient appropriate audit evidence about the company's ability to continue as a going concern, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

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    Disclaimer of Opinion

    We were engaged to audit the financial report of ABC Company Ltd., (the Company), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the directors' declaration.

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Amendments to ASA 580

    24.               Existing Appendix 1 is amended to read as follows:

    List of Australian Auditing Standards Containing Requirements for Written Representations

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    ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of the Financial Report – paragraph 4039

    ASA 250 Consideration of Laws