Document ID: chunk:federal_register_of_legislation:F2023L00295:body:0:p8
Version: federal_register_of_legislation:F2023L00295
Segment Type: other
Provision Reference: 
Character Range: 21639–24826

is amended to read as follows:

    List of Australian Auditing Standards Containing Requirements for Written Representations

    …

    ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of the Financial Report – paragraph 4039

    ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report – paragraph 1716

    …

    ASA 502 Audit Evidence—Specific Considerations for Litigation and Claims – paragraph 76

    …

Amendments to ASA 600

    Amendments to ASA 600 Appendix 1: Illustration 1 and [Aus] Illustration 1A

    25.               Illustration 1: An auditor's report containing a qualified opinion due to the auditor's inability to obtain sufficient appropriate audit evidence, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    Qualified Opinion

    We have audited the financial report of ABC Entity and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 20X1, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated 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.

    …

    26.               [Aus] Illustration 1A: An auditor's report containing a qualified opinion due to the auditor's inability to obtain sufficient appropriate audit evidence (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) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 20X1, the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated 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.

     …

Amendments to ASA 700

Amendments to ASA 700 Appendix 1: [Aus] Illustration 1A, [Aus] Illustration 2A, Illustration 3 and Illustration 4

    27.               [Aus] Illustration 1A: An auditor's report on a financial report of a single listed company prepared in accordance with the Corporations Act 2001 (a fair presentation framework), 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.

    …

    28.               [Aus] Illustration 2A: An auditor's report on a financial report of a listed company