Document ID: chunk:federal_register_of_legislation:C2025C00139:section:14:p15
Version: federal_register_of_legislation:C2025C00139
Segment Type: section
Provision Reference: s 14 (pt 15/66)
Character Range: 67961–70763

the requirements of this Division; and
 (b) whether the reviewer has been given all information, explanation and assistance necessary for the conduct of the review; and
 (c) whether the registered entity has kept financial records sufficient to enable a financial report to be prepared and reviewed; and
 (d) whether the registered entity has kept other records as required by this Part.

60‑35  Audit or review to be conducted in accordance with auditing standards
  An audit or review must be undertaken in accordance with the auditing standards.

60‑40  Auditor's or reviewer's independence declaration
 (1) A registered entity must obtain from its auditor or reviewer:
 (a) a written declaration that, to the best of the auditor's or reviewer's knowledge and belief, there have been no contraventions of any applicable code of professional conduct in relation to the audit or review; or
 (b) a written declaration that, to the best of the auditor's or reviewer's knowledge and belief, the only contraventions of any applicable code of professional conduct in relation to the audit or review are those contraventions details of which are set out in the declaration.
 (2) The declaration must be signed by the auditor or reviewer (or an individual authorised by the auditor or reviewer).

60‑45  Auditor's report on annual financial report
 (1) An auditor's report must contain a statement from the auditor as to whether, in the auditor's opinion, the financial report has been prepared in accordance with this Division. If the auditor is not of that opinion, the auditor's report must say why.
 (2) If the auditor is of the opinion that the financial report has not been prepared in accordance with this Division, the auditor's report must, to the extent it is practicable to do so, quantify the effect that non‑compliance has on the financial report. If it is not practicable to quantify the effect fully, the auditor's report must say why.
 (3) The auditor's report must describe:
 (a) any material defect or irregularity in the financial report; and
 (b) any deficiency, failure or shortcoming in respect of the matters mentioned in paragraph 60‑30(3)(b), (c) or (d).
 (4) The auditor's report must include any statements or disclosures required by the auditing standards.

60‑50  Reviewer's report on annual financial report
 (1) A reviewer's report must contain a statement from the reviewer as to whether the reviewer has concluded that, on the basis of the review, anything has come to the reviewer's attention that causes the reviewer to believe that the financial report does not satisfy the requirements of this Division. If the auditor has concluded that anything has come to the reviewer's attention that causes the reviewer to so believe, the reviewer's report must say why.
 (2) If the