All entities must include either an Audit Report or Compilation Report with their financial reports. When an Audit Report is required to be displayed, set DB.#EntityDetails.ClientDetails.Audited = “Yes“.
Alternatively, when a Compilation Report is required to be displayed, set DB.#EntityDetails.ClientDetails.Audited = “No“.
By default, all Superannuation Funds will print with an Audit Report, however, the Audit Report can be suppressed for superannuation reports so a Compilation Report is prepared. To do this set
DB.OtherReports.AuditReport.SupressAuditReport = ”Yes”.
A compilation report can be included in addition to an audit report if required under APES 315. To do so set DB.#EntityDetails.ClientDetails.Audited = “Yes“ and DB.OtherReports.CompilationReport.ForceCompilationReport = ”Yes”. This is not necessary if an audit report is not being produced.
Standard text in this report will automatically vary for small/large and reporting/non-reporting entities. Wording in these reports will change for single/multiple directors and single/multiple partners. A director or partner must sign this report. See Directors and partners.