Document ID: chunk:federal_register_of_legislation:F2022C01208:reg:14:p34
Version: federal_register_of_legislation:F2022C01208
Segment Type: reg
Provision Reference: reg 14 (pt 34/57)
Character Range: 103226–106489

framework] and is free of material misstatements, including omissions].

We confirm, to the best of our knowledge and belief, the following representations made to you during your review.

[Include representations required by this Auditing Standard (paragraph 24) and those relevant to the entity.  Such representations may include the following examples.]
We have made available to you:

    (a) all financial records and related data, other information, explanations and assistance necessary for the conduct of the review; and

    (b) minutes of all meetings of [shareholders, directors, committees of directors, Boards of Management].

We have disclosed to you the results of our assessment of the risk that the [financial report] may be materially misstated as a result of fraud.

There:

    (a) has been no fraud or suspected fraud, error or non‑compliance with laws and regulations involving management or employees who have a significant role in the internal control structure;

    (b) has been no fraud or suspected fraud, error or non‑compliance with laws and regulations that could have a material effect on the financial report; and

    (c) have been no communications from regulatory agencies concerning non‑compliance with, or deficiencies in, financial reporting practices that could have a material effect on the financial report.

We are responsible for an adequate internal control structure to prevent and detect fraud and error and to facilitate the preparation of a reliable financial report, and adequate financial records have been maintained.  There are no material transactions that have not been recorded properly in the accounting records underlying the financial report.

We have no plans or intentions that may affect materially the carrying values, or classification, of assets and liabilities.

We have considered the requirements of Accounting Standard AASB 136 Impairment of Assets, when assessing the impairment of assets and in ensuring that no assets are stated in excess of their recoverable amount.

We believe the effects of uncorrected misstatements summarised in the accompanying schedule are immaterial, both individually and in the aggregate, to the [half‑year] financial report taken as a whole.

The following have been recorded and/or disclosed properly in the [half‑year] financial report:

    (a)                related party transactions and related amounts receivable or payable, including sales, purchases, loans, transfers, leasing arrangements and guarantees (written or oral);

    (b)                share options, warrants, conversions or other requirements;

    (c)                arrangements involving restrictions on cash balances, compensating balances and line‑of‑credit or similar arrangements;

    (d)                agreements to repurchase assets previously sold;

    (e)                material liabilities or contingent liabilities or assets including those arising under derivative financial instruments;

    (f)                 unasserted claims or assessments that our lawyer(s) has advised us are probable of assertion;

    (g)                losses arising from the fulfilment of, or an inability to fulfil, any sale commitments or as a result of purchase commitments for inventory