Where an audit is conducted under the Corporations Act 2001 (the Act) and there is a material misstatement of the financial report that relates to the non-disclosure of required information, the auditor needs to consider reporting obligations under the …

An adverse opinion or a disclaimer of opinion relating to a specific matter described within the Basis for Opinion section does not justify the omission of a description of other identified matters that would have otherwise required a modification of the …

Description of Auditor’s Responsibilities for the Audit of the Financial Report When the Auditor Disclaims an Opinion on the Financial Report (Ref: …

When the auditor disclaims an opinion on the financial report, the following statements are better positioned within the Auditor’s Responsibilities for the Audit of the Financial Report section of the auditor’s report, as illustrated in Illustrations 4–5 …

Considerations When the Auditor Disclaims an Opinion on the Financial Report (Ref: Para. 29) …

Providing the reasons for the auditor’s inability to obtain sufficient appropriate audit evidence within the Basis for Disclaimer of Opinion section of the auditor’s report provides useful information to users in understanding why the auditor has …

(Ref: Para. 30) …

Communicating with those charged with governance the circumstances that lead to an expected modification to the auditor’s opinion and the wording of the modification enables: The auditor to give notice to those charged with governance of the intended …