Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL REPORTING  

Division 3 - Audit and auditor ' s report  

Note: This Division applies to sub-funds of retail CCIVs in a modified form: see section 1232G .

SECTION 307  

307   AUDIT  


An auditor who conducts an audit of the financial report for a financial year or half-year must form an opinion about:

(a)    whether the financial report is in accordance with this Act, including:


(i) section 296 or 304 (compliance with accounting standards); and

(ii) section 297 or 305 (true and fair view); and

(aa)    

if the financial report includes additional information under paragraph 295(3)(c) or 303(3)(c) (information included to give true and fair view of financial position and performance) - whether the inclusion of that additional information was necessary to give the true and fair view required by section 297 or 305 ; and

(b)    whether the auditor has been given all information, explanation and assistance necessary for the conduct of the audit; and

(c)    

whether the company, registered scheme, registrable superannuation entity or disclosing entity has kept financial records sufficient to enable a financial report to be prepared and audited; and

(d)    

whether the company, registered scheme, registrable superannuation entity or disclosing entity has kept other records and registers as required by this Act.

Note: This section applies to sub-funds of retail CCIVs in a modified form: see section 1232G .


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