The condition in AASB 1009 clause .10 that 'total revenues to be received can be reliably estimated' requires consideration of whether revenues would probably be received, not merely whether the contractual entitlement can be quantified. However, an auditor who adopts an incorrect but reasonably arguable interpretation of an accounting standard does not breach their duty merely because the interpretation is wrong. Separately, even where accounts comply with accounting standards on the auditor's interpretation, the auditor must still ensure the accounts give a true and fair view, which may require provisioning against assets where there are substantial doubts about recoverability. An auditor's duty in consenting to inclusion of an audit report in a prospectus under s 1032 does not require repetition of the audit, but requires reasonable skill and care in considering whether any matters have arisen since the audit that affect the accounts.
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