Document ID: chunk:federal_register_of_legislation:F2023C00370:reg:9:p8
Version: federal_register_of_legislation:F2023C00370
Segment Type: reg
Provision Reference: reg 9 (pt 8/13)
Character Range: 26305–29332

the beginning of the year.  We were unable to satisfy ourselves by alternative means concerning inventory quantities held at 30 June 20X0.  Since opening inventories enter into the determination of the financial performance and cash flows, we were unable to determine whether adjustments might have been necessary in respect of the income for the year reported in the statement of comprehensive income and the net cash flows from operating activities reported in the statement of cash flows.

We conducted our audit in accordance with Australian Auditing Standards.  Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report.  We are independent of the Entity in 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.

Other Information [or another title if appropriate such as "Information Other than the Financial Report and Auditor's Report Thereon"]

[Reporting in accordance with the reporting requirements in ASA 720 – see [Aus] Illustration 6A in Appendix 3 of ASA 720.[#]]

Other Matter

The financial report of the Entity for the year ended 30 June 20X0 was audited by another auditor who expressed an unmodified opinion on the financial report on 30 September 20X0.

Responsibilities of Management and Those Charged with Governance for the Financial Report[12]

[Reporting in accordance with ASA 700 – see [Aus] Illustration 1A in the Appendix of ASA 700.]

Auditor's Responsibilities for the Audit of the Financial Report

[Reporting in accordance with ASA 700 – see [Aus] Illustration 1A in the Appendix of ASA 700.]

Report on Other Legal and Regulatory Requirements

[Reporting in accordance with ASA 700 – see [Aus] Illustration 1A in the Appendix of ASA 700.]

[Signature]

[Date of the auditor's report]

[Auditor's address]

Example Auditor's Report
An Opinion that is Qualified Regarding the Financial Performance and Cash Flows and Unmodified Regarding Financial Position

Illustration 2:

     * [Example Auditor's Report deleted by the AUASB]—not applicable in Australia.

     * Refer ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards, paragraph 11(a).

     * The Corporation Act 2001 does not provide for split opinions.[*]

Example Auditor's Report
Qualified Opinion—Jurisdiction Prohibits a Qualified Opinion on Performance and Cash Flows and an Unmodified Opinion on Financial Position
Corporations Act 2001

(Fair Presentation Framework)
[Aus] Illustration 2A:
For purposes of