Document ID: chunk:federal_register_of_legislation:F2020L00885:body:0:p15
Version: federal_register_of_legislation:F2020L00885
Segment Type: other
Provision Reference: 
Character Range: 42028–45350

Auditor's Report for Single Company – Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

…

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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Amendments to ASA 706 Appendix 4: [Aus] Illustration 2A

64.               The fifth point of [Aus] Illustration 2A is amended as follows:

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

    …

               * 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).

    …

65.               [Aus] Illustration 2A: Example Auditor's Report for Single Company (not listed) (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Qualified Opinion

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We conducted our audit in accordance with Australian Auditing Standards. ... 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) ...

Amendments to ASA 710

Amendments to ASA 710 Appendix 1: Illustration 1, [Aus] Illustration 1A, Illustration 2, [Aus] Illustration 2A, Illustration 3 and Illustration 4

66.               The seventh point of Illustration 1, [Aus] Illustration 1A, Illustration 2, [Aus] Illustration 2A, Illustration 3 and eighth point of Illustration 4, are amended as follows:

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

    …

               * 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).

    …

67.               Illustration 1: Example Auditor's Report on a General Purpose Financial Report Corresponding Figures; Qualified Opinion on prior year, which materially affects current year financial report (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

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Basis for Qualified Opinion

…

We conducted our audit in accordance with Australian Auditing Standards. ... We are independent of the Entity 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) ...

68.               [Aus] Illustration 1A: Example Auditor's Report on a General Purpose Financial Report Corresponding Figures; Qualified Opinion on prior year, which materially affects current year financial report—Corporations Act 2001 (Fair Presentation Framework), is amended as follows:

INDEPENDENT AUDITOR'S REPORT

…

Basis for Qualified Opinion

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