If not of that opinion, the auditor's report must say why.

(2) If the auditor is of the opinion that the financial report does not comply with an accounting standard, the auditor's report must, to the extent that 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 report must say why. (3) The auditor's report must describe:

(a)

any defect or irregularity in the financial report; and

(b)

any deficiency, failure or shortcoming in respect of the matters referred to in paragraph 307(b), (c) or (d).

Review of financial report

(4) An auditor who reviews the financial report for a half-year must report to members on whether the auditor became aware of any matter in the course of the review that makes the auditor believe that the financial report does not comply with Division 2. (5) A report under subsection (4) must:

(a)

describe any matter referred to in subsection (4); and

(b)

say why that matter makes the auditor believe that the financial report does not comply with Division 2.

Report to specify day made

(6) A report under subsection (1) or (4) must specify the date on which it is made.