Document ID: chunk:federal_register_of_legislation:F2023L00295:body:0:p11
Version: federal_register_of_legislation:F2023L00295
Segment Type: other
Provision Reference: 
Character Range: 30351–33504

year then ended, and notes to the financial report, including material accounting policy information a summary of significant accounting policies, and the declaration by those charged with governance.#

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    35.               Illustration 5: An auditor's report containing a disclaimer of opinion due to the auditor's inability to obtain sufficient appropriate audit evidence about multiple elements of the financial report, is amended to read as follows:

         INDEPENDENT AUDITOR'S REPORT

         …

         Disclaimer of Opinion

    We were engaged to audit 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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Amendments to ASA 706

    36.               Existing Appendix 3 is amended to read as follows:

    ILLUSTRATION OF AN AUDITOR'S REPORT THAT INCLUDES A KEY AUDIT MATTERS SECTION, AN EMPHASIS OF MATTER PARAGRAPH, AND AN OTHER MATTER PARAGRAPH

    …

    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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    37.               Existing Appendix 4 is amended to read as follows:

    ILLUSTRATION OF AN AUDITOR'S REPORT CONTAINING A QUALIFIED OPINION DUE TO A DEPARTURE FROM THE APPLICABLE FINANCIAL REPORTING FRAMEWORK AND THAT INCLUDES AN EMPHASIS OF MATTER PARAGRAPH

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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 report, including material accounting policy information a summary of significant accounting policies, and the declaration by those charged with governance.#

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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

    38.               Illustration 1: An auditor's report on a financial report, containing a qualified opinion due to a material misstatement of prior period corresponding figures, which impact the current period's financial report, is amended to read as follows:

    INDEPENDENT AUDITOR'S REPORT

    …

    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, statement of comprehensive income,