Document ID: chunk:federal_register_of_legislation:F2020L00885:body:0:p10
Version: federal_register_of_legislation:F2020L00885
Segment Type: other
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Character Range: 27311–30607

on Performance and Cash Flows and an Unmodified Opinion on Financial Position – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

40.               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 Company 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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Amendments to ASA 570

Amendments to ASA 570 Appendix 2: [Aus] Illustration 1A, [Aus] Illustration 2A, [Aus] Illustration 3A and [Aus] Illustration 4A

41.               The fifth point of [Aus] Illustration 1A and the fourth point of [Aus] Illustration 2A, [Aus] Illustration 3A and [Aus] Illustration 4A, are 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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42.               [Aus] Illustration 1A: Example Auditor's Report for Unmodified Opinion, Material Uncertainty Exists, Adequate Disclosure for Single Company – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

…

Basis for Opinion

… We are independent of the Company 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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43.               [Aus] Illustration 2A: Example Auditor's Report for Qualified Opinion, Material Uncertainty Exists, Inadequate Disclosure for Single Listed Company – 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 Company 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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44.               [Aus] Illustration 3A: Example Auditor's Report for Adverse Opinion, Material Uncertainty Exists, Inadequate Disclosure for Single Listed Company – 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 Company 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