Document ID: chunk:federal_register_of_legislation:F2023L00295:body:0:p13
Version: federal_register_of_legislation:F2023L00295
Segment Type: other
Provision Reference: 
Character Range: 36098–39241

statements, including material accounting policy information a summary of significant accounting policies, and the directors' declaration.

    …

    42.               Illustration 3: An auditor's report on a financial report, contains a reference to the predecessor auditor's prior period auditor's report, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    Opinion

    We have audited the financial report of ABC Entity (the Entity), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity, statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the declaration by those charged with governance.*

    …

    43.               Illustration 4: An auditor's report on the current period and prior period's financial reports, containing a qualified opinion due to a material misstatement of the prior period financial report, which impact the current period's financial report, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    Qualified Opinion

    We have audited the financial report of ABC Entity (the Entity), which comprises the statement of financial position as at 30 June 20X1 and 20X0, statement of comprehensive income, statement of changes in equity, statement of cash flows for the years then ended, and notes to the financial statements, including material accounting policy information a summary of significant accounting policies, and the declaration by those charged with governance.*

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Amendments to ASA 720

Amendments to ASA 720 [Aus] Appendix 3: [Aus] Illustration 1A, [Aus] Illustration 2A, Illustration 3, [Aus] Illustration 4A, [Aus] Illustration 5A, [Aus] Illustration 6A and [Aus] Illustration 7A

    44.               [Aus] Illustration 1A: An auditor's report of a listed company, containing an unmodified opinion when the auditor has obtained all of the other information prior to the date of the auditor's report and has not identified a material misstatement of the other information, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    Opinion

    We have audited the financial report of ABC Company Ltd. (the Company), which comprises the statement of financial position as at 30 June 20X1, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information,a summary of significant accounting policies and the directors' declaration.

    …

    45.               [Aus] Illustration 2A: An auditor's report of a listed company containing an unmodified opinion when the auditor has obtained part of the other information prior to the date of the auditor's report, has not identified a material misstatement of the other information, and expects to obtain other information after the date of the auditor's report, is amended to read as follows:

    INDEPENDENT