… Consequently, the audit procedures performed under the Auditing Standards by the auditor when auditing the financial report for the year are effectively …

In addition to the specific requirements in ASA 810 , the terms of engagement ordinarily include the objective and scope of the audit of the concise financial report (including the audit of discussion and analysis disclosures in that report). Such …

… the Act, there is no equivalent International Standard on Auditing or International Auditing Practice Statement to this Guidance Statement. …

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 …

In order to avoid any misunderstandings in relation to the audit of the concise financial report, the auditor complies with the engagement acceptance requirements in ASA 810 Engagements to Report on Summary Financial Statements . The auditor agrees the …

Given that the concise financial report is an alternative form of reporting to members under the Act, and that the Act prescribes the auditor’s reporting requirements, the AUASB takes the view that the audit of the concise financial report is treated, by …

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 …

… other summary financial reports, the auditor complies with Auditing Standard ASA 810 Engagements to Report on Summary …

Reference to “audit” and “audit procedures” in the illustrative examples of an auditor’s report on the concise financial report (see Appendix 1 ) relate to all procedures that have been performed by the auditor (i.e. regarding both the financial report …

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 …