Document ID: chunk:federal_register_of_legislation:F2022C01208:reg:14:p56
Version: federal_register_of_legislation:F2022C01208
Segment Type: reg
Provision Reference: reg 14 (pt 56/57)
Character Range: 164857–167932

responsibilities.]

[Auditor's signature[65]]

[Date of the auditor's review report][66]

[Auditor's address]

EXAMPLE E – UNMODIFIED AUDITOR'S REVIEW REPORT ON A FINANCIAL REPORT – COMPLIANCE framework

INDEPENDENT AUDITOR'S REVIEW REPORT

To [appropriate addressee]

Report on the [appropriate title for the financial report] Financial Report[67]

Conclusion

We have reviewed the [period] financial report of [name of entity], which comprises the statement of financial position as at [date], the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, a summary of significant accounting policies[68] and other explanatory information, and [the declaration by those charged with governance[69]].[70],[71]

Based on our review, which is not an audit, nothing has come to our attention that causes us to believe that the accompanying [period] financial report of [name of entity] has not been prepared, in all material respects, in accordance with [applicable financial reporting framework].

Basis for Conclusion

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity.  Our responsibilities are further described in the Auditor's Responsibilities for the Review of the Financial Report section of our report. 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) 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.

Responsibility of Management for the Financial Report[72]

Management of the [type of entity] are responsible for the preparation of the [period] financial report in accordance with the [applicable financial reporting framework] and for such internal control management determine is necessary to enable the preparation of the [period] financial report that is free from material misstatement, whether due to fraud or error.

Auditor's Responsibility for the Review of the Financial Report

Our responsibility is to express a conclusion on the financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the financial report has not been prepared, in all material respects in accordance with [applicable financial reporting framework].

A review of a financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.  Accordingly, we do not express an audit opinion.

Report