Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 3 - RESPONSIBILITIES OF REGISTERED ENTITIES  

PART 3-2 - RECORD KEEPING AND REPORTING  

Division 60 - Reporting  

Subdivision 60-C - Annual financial reports  

SECTION 60-50   REVIEWER ' S REPORT ON ANNUAL FINANCIAL REPORT  

60-50(1)    
A reviewer ' s report must contain a statement from the reviewer as to whether the reviewer has concluded that, on the basis of the review, anything has come to the reviewer ' s attention that causes the reviewer to believe that the financial report does not satisfy the requirements of this Division. If the auditor has concluded that anything has come to the reviewer ' s attention that causes the reviewer to so believe, the reviewer ' s report must say why.

60-50(2)    
If the reviewer has concluded that anything has come to the reviewer ' s attention that causes the reviewer to believe that the financial report does not satisfy the requirements of this Division, the reviewer ' s report must, to the extent it is practicable to do so, quantify the effect that non-compliance has on the financial report. If it is not practicable to quantify the effect fully, the reviewer ' s report must say why.

60-50(3)    
The reviewer ' s report must describe:

(a)    any material defect or irregularity in the financial report; and

(b)    any deficiency, failure or shortcoming in respect of the matters mentioned in paragraph 60-30(4)(b) , (c) or (d) .

60-50(4)    
The reviewer ' s report must include any statements or disclosures required by the auditing standards.