Impact of Audit Qualifications disclosure: listed entities must file quantified effects alongside annual results and management commentary. Listed entities must disclose the impact of audit qualifications when submitting annual audited financial results: a declaration for unmodified opinions and a prescribed Annexure I statement for modified opinions. Management may explain qualifications, must estimate impacts if auditors do not quantify (or state reasons), and auditors must review and comment. These statements are monitored by stock exchanges and non-compliance will be subject to exchange action and reporting to the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Impact of Audit Qualifications disclosure: listed entities must file quantified effects alongside annual results and management commentary.
Listed entities must disclose the impact of audit qualifications when submitting annual audited financial results: a declaration for unmodified opinions and a prescribed Annexure I statement for modified opinions. Management may explain qualifications, must estimate impacts if auditors do not quantify (or state reasons), and auditors must review and comment. These statements are monitored by stock exchanges and non-compliance will be subject to exchange action and reporting to the regulator.
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