55 paragraphs found
When reporting on a concise financial report, the auditor complies with the Act and ASA 810 . As section 314 of the Act prescribes the auditor’s reporting obligations, the auditor adheres to the requirements in ASA 810, paragraph 10 in respect of the …
Under ASA 810, paragraph 10(b) , the auditor evaluates whether the users of a concise financial report might misunderstand the auditor’s opinion. Due to the precision of wording recommended in this Guidance Statement, and the requirements of the Act, an …
When expressing an unmodified opinion on a concise financial report prepared in accordance with the requirements of the Act, the auditor’s opinion uses one of the following phrases: In our opinion, the accompanying concise financial report, including the …
ASA 810, paragraph 16 lists the elements required to be included in an auditor’s report. …
Under ASA 810, paragraph 19 , where the auditor’s report on the financial report includes a qualified opinion, an emphasis of matter or other matter paragraph, or a material uncertainty related to going concern section, the auditor’s report on the concise …
Examples: AASB 1039 requires the concise financial report to be derived from, and consistent with, the financial report for the year. Accordingly, modifications to the auditor’s opinion on the financial report for the year will commonly be applicable to …
Where the auditor’s report on the financial report contains an adverse or disclaimer of opinion, the auditor’s report on the concise financial report must, under ASA 810, paragraph 20 : state that the auditor’s report on the financial report contains an …
Where an auditor’s report on the financial report includes communication of key audit matters in accordance with ASA 701 [3] and the auditor is satisfied that the concise financial report is derived from and is consistent with the financial report, the …
The auditor is not required to describe the individual key audit matters in the auditor’s report on the concise financial report. However, the auditor, using professional judgement, may include more detailed reference to key audit matters, either …
Illustration 2 of Appendix 1 , demonstrates the wording used where the auditor states that the auditor’s report on the financial report includes communication of key audit matters. Illustration 3 of Appendix 1, demonstrates the wording that may be used …