Document ID: chunk:federal_register_of_legislation:F2023L00295:body:0:p6
Version: federal_register_of_legislation:F2023L00295
Segment Type: other
Provision Reference: 
Character Range: 15931–19073

significant accounting policies, and the directors' declaration. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter.

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Amendments to ASA 510

    Amendments to ASA 510 Appendix 1: Illustration 1 and [Aus] Illustration 2A

    18.               Illustration 1: An auditor's report containing a qualified opinion due to the inability of the auditor to obtain sufficient appropriate audit evidence regarding opening balances—the financial report is not prepared under the Corporations Act 2001, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

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    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, 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 declaration by those charged with governance.*

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    19.               [Aus] Illustration 2A: An auditor's report containing a qualified opinion due to the inability of the auditor to obtain sufficient appropriate audit evidence regarding opening balances—the financial report is prepared under the Corporations Act 2001, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    Qualified 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.

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Amendments to ASA 570

Amendments to ASA 570 Appendix 2: [Aus] Illustration 1A, [Aus] Illustration 2A, [Aus] Illustration 3A and [Aus] Illustration 4A

    20.               [Aus] Illustration 1A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 containing an unmodified opinion when the auditor has concluded that a material uncertainty exists and disclosure in the financial report is adequate, 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.

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    21.               [Aus] Illustration 2A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 containing a qualified opinion when the