Australia Corporations Act 2001 (Cth) s307-308: ss 307, 307A, 307AA and 308 Auditors: conduct the audit under the auditing standards and report to members

An auditor of a financial report forms an opinion on whether it complies with the Act, including the accounting standards and true and fair view, whether any added true and fair information was necessary, whether the auditor received all information, explanation and assistance, and whether the entity kept sufficient financial records and other required records and registers (s 307); for a sustainability report, whether it complies with the sustainability standards and climate disclosure requirements and the entity kept sufficient sustainability records (s 307AA). The individual auditor or audit company, or the lead auditor for a firm or company, ensures the audit or review is conducted under the auditing standards (s 307A, offences). The auditor's report states the opinion and reasons for any qualification, quantifies non-compliance with a standard where practicable, describes any defect, irregularity or deficiency, includes statements the auditing standards require and reports on the remuneration report (s 308).