Document ID: chunk:federal_register_of_legislation:F2023C00330:reg:10:p12
Version: federal_register_of_legislation:F2023C00330
Segment Type: reg
Provision Reference: reg 10 (pt 12/14)
Character Range: 40695–43774

Standards and the Corporations Act 2001.

We confirm that (to the best of our knowledge and belief, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves):

Financial Report

      * We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated [insert date], for the preparation of the financial report in accordance with Australian Accounting Standards and the Corporations Act 2001; in particular the financial report gives a true and fair view in accordance therewith.

      * The methods, the data, and the significant assumptions used in making accounting estimates, and their related disclosures are appropriate to achieve recognition, measurement or disclosure that is reasonable in the context of the applicable financial reporting framework. (ASA 540)

      * Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of Australian Accounting Standards.  (ASA 550)

      * All events subsequent to the date of the financial report and for which Australian Accounting Standards require adjustment or disclosure have been adjusted or disclosed.  (ASA 560)

      * The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial report as a whole.  A list of the uncorrected misstatements is attached to the representation letter.  (ASA 450)

      * [Any other matters that the auditor may consider appropriate (see paragraph A10).]

Information Provided[12]

      * We have provided you with:

              + Access to all information of which we are aware that is relevant to the preparation of the financial report such as records, documentation and other matters;

              + Additional information that you have requested from us for the purpose of the audit; and

              + Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence.

      * All transactions have been recorded in the accounting records and are reflected in the financial report.

      * We acknowledge our responsibility for the design, implementation and maintenance of internal control to prevent and detect fraud.

      * We have disclosed to you the results of our assessment of the risk that the financial report may be materially misstated as a result of fraud.  (ASA 240)

      * We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves:

              + Management;

              + Employees who have significant roles in internal control; or

              + Others where the fraud could have a material effect on the financial report.  (ASA 240)

               * We have disclosed to you all information in relation to allegations of fraud, or suspected fraud, affecting the entity's financial report communicated by employees, former employees, analysts, regulators or others.  (ASA 240)

               * We have