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CORPORATIONS ACT 2001

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL REPORTING  

Division 3 - Audit and auditor's report  

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
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(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 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 or disclosing entity has kept other records and registers as required by this Act.


 



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