Document ID: chunk:federal_register_of_legislation:F2020L00885:body:0:p14
Version: federal_register_of_legislation:F2020L00885
Segment Type: other
Provision Reference: 
Character Range: 39009–42309

Corporations Act 2001 and 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) ...

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58.               [Aus] Illustration 2A: Example Auditor's Report for Consolidated Entity – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Adverse Opinion

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We conducted our audit in accordance with Australian Auditing Standards. ... 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 Professional &and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) ...

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59.               [Aus] Illustration 3A: Example Auditor's Report for Consolidated Entity – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Qualified Opinion

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We conducted our audit in accordance with Australian Auditing Standards. ... 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 Professional &and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) …

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60.               Illustration 4: Example Auditor's Report for Consolidated Entity (not listed) (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Auditor's Responsibilities for the Audit of the Financial Report

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We are independent of the Group 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) ...

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61.               Illustration 5: Example Auditor's Report for Single Entity (not listed) (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Auditor's Responsibilities for the Audit of the Financial Report

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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) ...

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Amendments to ASA 706

Amendments to ASA 706 Appendix 3: [Aus] Illustration 1A

62.               The fifth point of [Aus] Illustration 1A is amended as follows:

    For the purposes of this illustrative auditor's report, the following circumstances are assumed:

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               * The relevant ethical requirements that apply to the audit are the Accounting Professional &and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

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63.               [Aus] Illustration 1A: Example Auditor's Report for Single Company – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Opinion

... We are independent of the Company in accordance with the auditor independence requirements of the Corporations