Document ID: chunk:federal_register_of_legislation:F2020L00885:body:0:p19
Version: federal_register_of_legislation:F2020L00885
Segment Type: other
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Character Range: 54068–57253

Opinion

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We conducted our audit in accordance with Australian Auditing Standards. ... We are independent of the Group in accordance with 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 800

Amendments to ASA 800 Appendix 1: Illustration 1, Illustration 2, [Aus] Illustration 4 and [Aus] Illustration 5

83.               The sixth point of Illustration 1, [Aus] Illustration 4, [Aus] Illustration 5 and fifth point of Illustration 2 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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84.               Illustration 1: Example Auditor's Report on a financial report of an entity other than a listed entity prepared in accordance with the financial reporting provisions of a contract (for purposes of this illustration, a compliance framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Opinion

... We are independent of the Company in accordance with 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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85.               Illustration 2: Example Auditor's Report on a financial report of an entity other than a listed entity prepared in accordance with the tax basis of accounting in Jurisdiction X (for purposes of this illustration, a compliance framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Opinion

... We are independent of the Partnership in accordance with 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) ...

86.               [Aus] Illustration 4: Example Auditor's Report on a financial report prepared by a non-reporting entity under the Corporations Act 2001 (for purposes of this illustration, a fair presentation framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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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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87.               [Aus] Illustration 5: Example Auditor's Report on a financial report prepared by a not-for-profit incorporated association in accordance with the financial reporting provisions of the applicable legislation (for purposes of this illustration, a fair presentation framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Opinion

... We are independent of the