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29 Jun. 2017

New Auditor Reporting FAQs available

Auditor Reporting FAQs

We are continuing to develop FAQs to assist stakeholders with the implementation of the new requirements.

The following FAQs have been added to the website:

  • Does the auditor’s report for entities which have products quoted on the ASX AQUA Market have to include key audit matters?
  • What is included in the “Material Uncertainty Related to Going Concern” paragraph in the auditor’s report?

These have been added to previously released FAQs which address:

  • What has changed in the auditor’s report?
  • What are Key Audit Matters, and when and how are they communicated?
  • Auditor Responsibility Statements, and how to make reference to the statements on the AUASB website.
  • What is the auditor’s responsibility in relation to other information and what does the auditor’s report include?
  • How are matters related to going concern reported in the auditor’s report?
  • How do the changes impact the auditor’s report on Special Purpose Financial Reports and Summary Financial Reports?

Your feedback and suggestions on what additional guidance is required will help us continue to add to this resource. Please send your suggestions to