Industrial Relations Act 2016

The auditor’s report must state whether in the auditor’s opinion the general purpose financial report is presented fairly in accordance with any of the following that apply to the reporting unit—

the Australian Accounting Standards;

any other requirements imposed by this division.

If, in the auditor’s opinion, the general purpose financial report does not comply, the auditor’s report must—

state why the general purpose financial report does not comply; and

to the extent it is practicable to do so, quantify the effect that noncompliance has on the general purpose financial report; and

if it is not possible to quantify the effect fully, state why it is not possible.

The auditor’s report must also describe—

any defect or irregularity in the general purpose financial report; and

any deficiency, failure or shortcoming in relation to the matters mentioned in subsection (2) or section 762.

The form and content of the auditor’s report must be in accordance with the Australian Auditing Standards.

The auditor’s report must be—

dated on the day the auditor signs the report; and

given to the reporting unit within a reasonable time after the auditor receives the general purpose financial report.

The auditor must immediately report the matter, in writing, to the registrar if the auditor—

suspects on reasonable grounds there has been a contravention of this Act or reporting guidelines; and

considers the matter can not be adequately dealt with by comment in a report or by reporting the matter to the reporting unit’s management committee.

Maximum penalty for subsection (6)—100 penalty units.