Document ID: chunk:federal_register_of_legislation:F2022C01208:reg:14:p51
Version: federal_register_of_legislation:F2022C01208
Segment Type: reg
Provision Reference: reg 14 (pt 51/57)
Character Range: 151152–154236

content of this section of the auditor's review report will vary depending on the nature of the auditor's other reporting responsibilities.]

[Auditor's signature][35]

[Date of the auditor's review report][36]

[Auditor's address]

EXAMPLE B – AUDITOR'S REVIEW REPORT WITH A QUALIFIED CONCLUSION (EXCEPT FOR) FOR A DEPARTURE FROM THE APPLICABLE FINANCIAL REPORTING FRAMEWORK – Fair presentation framework

INDEPENDENT AUDITOR'S REVIEW REPORT

To [appropriate addressee]

Report on the [appropriate title for the financial report] Financial Report[37]

Qualified Conclusion

We have reviewed the [period] financial report of [name of entity], which comprises the statement of financial position as at [date], the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, a summary of significant accounting policies[38] and other explanatory information, and [the declaration by those charged with governance[39]].[40],[41]

Based on our review, which is not an audit, except for the effects of the matter described in the Basis for Qualified Conclusion section, nothing has come to our attention that causes us to believe that the accompanying [period] financial report of [name of entity] does not present fairly, in all material respects, [or "give a true and fair view of"[42]] the financial position of the [entity] as at [date], and of its financial performance and its cash flows for the [period] period ended on that date, in accordance with [applicable financial reporting framework].

Basis for Qualified Conclusion

Based on information provided to us by management, [name of entity] has excluded from property and long‑term debt certain lease obligations that we believe should be capitalised to conform with [indicate applicable financial reporting framework].  This information indicates that if these lease obligations were capitalised at 31 December 20XX, property would be increased by $_______, long‑term debt by $_______, and net income and earnings per share would be increased (decreased) by $________ and $________ respectively for the [period] ended on that date.

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity.  Our responsibilities are further described in the Auditor's Responsibilities for the Review of the Financial Report section of our report. We are independent of the [entity] in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

Responsibility of Management for the Financial Report[43]

Management are responsible for the preparation and fair presentation of the [period] financial report in accordance with the [applicable financial reporting framework]and for such internal control as the