Document ID: chunk:federal_register_of_legislation:F2023C00329:reg:16:p11
Version: federal_register_of_legislation:F2023C00329
Segment Type: reg
Provision Reference: reg 16 (pt 11/23)
Character Range: 35391–38560

accordance with the ethical requirements of the Accounting Professional & 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.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Responsibilities of Management and Those Charged with Governance for the Financial Report[15]

[Reporting in accordance with ASA 700 – see Illustration 3 in the Appendix of ASA 700.]

Auditor's Responsibilities for the Audit of the Financial Report

[Reporting in accordance with ASA 700 – see Illustration 3 in the Appendix of ASA 700.]

Report on Other Legal and Regulatory Requirements

[Reporting in accordance with ASA 700 – see Illustration 3 in the Appendix of ASA 700.]

[Signature][#]

[Date of the auditor's report]

[Auditor's address]

Example Auditor's Report
General Purpose Financial Report
Corresponding Figures

Qualified opinion on prior year, which materially affects current year financial report—Corporations Act 2001(Fair Presentation Framework)

[Aus] Illustration 1A - Corresponding Figures (Ref: Para. A5)

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

                    Audit of the financial report of a single listed company.  The audit is not a group audit (i.e., ASA 600[16] 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.[17]

                    The auditor's report on the prior period, as previously issued, included a qualified opinion.

                    The matter giving rise to the modification is unresolved.

                    The effects or possible effects of the matter on the current period's figures are material and require a modification to the auditor's opinion regarding the current period figures.

                    The relevant ethical requirements that apply to the audit are the Accounting Professional & Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

                    Based on the audit evidence obtained, the auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern in accordance with ASA 570.[18]

                    Key audit matters have been communicated in accordance with ASA 701.[19]

                    The auditor has obtained no other information prior to the date of the auditor's report but expects to obtain the other information after the date of the auditor's report.

                    In addition to the audit of