Document ID: chunk:federal_register_of_legislation:F2023C00335:body:0:p11
Version: federal_register_of_legislation:F2023C00335
Segment Type: other
Provision Reference: 
Character Range: 28811–31997

matters have not been communicated.

Communication with Those Charged with Governance (Ref: Para. 12)

A18.         The communication required by paragraph 12 enables those charged with governance to be made aware of the nature of any specific matters that the auditor intends to highlight in the auditor's report, and provides them with an opportunity to obtain further clarification from the auditor where necessary.  Where the inclusion of an Other Matter paragraph on a particular matter in the auditor's report recurs on each successive engagement, the auditor may determine that it is unnecessary to repeat the communication on each engagement, unless otherwise required to do so by law or regulation.

Appendix 1

(Ref: Para. 4, A4)

List of Australian auditing standards Containing Requirements for Emphasis of Matter Paragraphs

This appendix identifies paragraphs in other Australian Auditing Standards that require the auditor to include an Emphasis of Matter paragraph in the auditor's report in certain circumstances.  The list is not a substitute for considering the requirements and related application and other explanatory material in Australian Auditing Standards.

      * ASA 210 Agreeing the Terms of Audit Engagements – paragraph 19(b).

      * ASA 560 Subsequent Events – paragraphs 12(b) and 16.

      * ASA 800 Special Considerations—Audits of a Financial Report Prepared in Accordance with Special Purpose Frameworks – paragraph 14.

Appendix 2

(Ref: Para. 4)

List of australian auditing standards Containing Requirements for Other Matter Paragraphs

This appendix identifies paragraphs in other Australian Auditing Standards that require the auditor to include an Other Matter paragraph in the auditor's report in certain circumstances.  The list is not a substitute for considering the requirements and related application and other explanatory material in Australian Auditing Standards.

      * ASA 560 Subsequent Events – paragraphs 12(b) and 16.

      * ASA 710 Comparative Information—Corresponding Figures and Comparative Financial Reports – paragraphs 13–14, 16–17 and 19.

      * ASA 720 The Auditor's Responsibilities Relating to Other Information – paragraph 10(a).

Appendix 3

(Ref: Para. A17)

Illustration of an Auditor's Report that Includes a Key Audit Matters Section, an Emphasis of Matter Paragraph, and an Other Matter Paragraph

Example Auditor's Report
Single Company—Corporations Act 2001
(Fair Presentation Framework)

[Aus] Illustration 1A:

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

                     Audit of a single listed company's financial report using a fair presentation framework.  The audit is not a group audit (i.e., ASA 600[*] does not apply).

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

                     The auditor has concluded