Document ID: chunk:federal_register_of_legislation:F2023C00330:reg:10:p11
Version: federal_register_of_legislation:F2023C00330
Segment Type: reg
Provision Reference: reg 10 (pt 11/14)
Character Range: 37924–40970

may state that management believes that, except for information destroyed in a fire, it has provided the auditor with such information.  The requirement in paragraph 20 does not apply because the auditor concluded that management has provided reliable written representations.  However, the auditor is required to consider the effects of the pervasiveness of the information destroyed in the fire on the financial report and the effect thereof on the opinion in the auditor's report in accordance with ASA 705.

Appendix 1

(Ref: Para. 2)

List of Australian Auditing Standards Containing Requirements for Written Representations

This appendix identifies paragraphs in other Auditing Standards that require subject‑matter specific written representations.  The list is not a substitute for considering the requirements and related application and other explanatory material in the Australian Auditing Standards.

ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of the Financial Report – paragraph 40

ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report – paragraph 17

ASA 450 Evaluation of Misstatements Identified during the Audit – paragraph 14

ASA 502 Audit Evidence—Specific Considerations for Litigation and Claims – paragraph 7

ASA 540 Auditing Accounting Estimates and Related Disclosures – paragraph 37

ASA 550 Related Parties – paragraph 26

ASA 560 Subsequent Events – paragraph 9

ASA 570 Going Concern – paragraph 16(e)

ASA 710 Comparative Information—Corresponding Figures and Comparative Financial Reports – paragraph 9

ASA 720 The Auditor's Responsibilities Relating to Other Information, paragraph 13(c)

Appendix 2

(Ref: Para. A21)

Illustrative Representation Letter

The following illustrative letter includes written representations that are required by this and other Auditing Standards, in effect for audits of financial reports for periods beginning on or after 1 January 2010.  It is assumed in this illustration that the applicable financial reporting framework is the Australian Accounting Standards and the Corporations Act 2001; the requirement of ASA 570[10] and ASA 710# to obtain a written representation is not relevant; and that there are no exceptions to the requested written representations.  If there were exceptions, the representations would need to be modified to reflect the exceptions.

(Entity Letterhead)

(To Auditor)

(Date)

This representation letter is provided in connection with your audit of the financial report of ABC Company Ltd for the year ended 30 June 20XX[11] [or period covered by the auditor's report] for the purpose of expressing an opinion as to whether the financial report gives a true and fair view in accordance with the Australian Accounting Standards and the Corporations Act 2001.

We confirm that (to the best of our knowledge and belief, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves):

Financial Report

      * We have fulfilled our responsibilities,