Document ID: chunk:federal_register_of_legislation:F2023C00335:body:0:p12
Version: federal_register_of_legislation:F2023C00335
Segment Type: other
Provision Reference: 
Character Range: 31694–34802

with Australian Accounting Standards (a general purpose framework) and under the Corporations Act 2001.

                     The terms of the audit engagement reflect the description of the directors' responsibility for the financial report in ASA 210.

                     The auditor has concluded an unmodified (i.e., "clean") opinion is appropriate based on the audit evidence obtained.

                     The relevant ethical requirements that apply to the audit are the Accounting Professional & Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

                     Based on the audit evidence obtained, the auditor has concluded that a material uncertainty does not exist related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern in accordance with ASA 570.

                     Between the date of the financial report and the date of the auditor's report, there was a fire in the company's production facilities, which was disclosed by the company as a subsequent event.  In the auditor's judgement, the matter is of such importance that it is fundamental to users' understanding of the financial report.  The matter did not require significant auditor attention in the audit of the financial report in the current period.

                     Key audit matters have been communicated in accordance with ASA 701.

                     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.

                     Corresponding figures are presented, and the prior period's financial report was audited by a predecessor auditor.  The auditor is not prohibited by law or regulation from referring to the predecessor auditor's report on the corresponding figures and has decided to do so.

                     In addition to the audit of the financial report, the auditor has other reporting responsibilities required under section 308(3C) of the Corporations Act 2001.

INDEPENDENT AUDITOR'S REPORT

[Appropriate Addressee]

Report on the Audit of the Financial 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, and the directors' declaration.

In our opinion, the accompanying financial report of ABC Company Ltd., is in accordance with the Corporations Act 2001, including:

    (a)                giving a true and fair view of the company's financial position as at 30 June 20X1 and of its financial performance for the year then ended; and

    (b)                complying with Australian Accounting Standards and the Corporations Regulations 2001.

Basis for Opinion

We conducted our audit in accordance with