THE CORPORATIONS LAW

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.3 - FINANCIAL REPORTING

Division 3 - Audit and auditor's report

SECTION 307   AUDIT  

307     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 Law, including:

(i) section 296 or 304 (compliance with accounting standards); and

(ii) section 297 or 305 (true and fair view); and

(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 Law.