16 unchanged sentences
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
−Removed: We, Anna Paglia, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2022.
+Added: We, Brian Hartigan, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Sponsor, assessed the effectiveness of the Trust’s internal control over financial reporting as of December 31, 2023.
In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control—Integrated Framework (2013).
1 unchanged sentence
The Trust’s independent registered public accounting firm, PricewaterhouseCoopers LLP, has audited the Trust’s internal control over financial reporting as of December 31, 2023, as stated in their report on page 16 of the Trust’s Annual Report on Form 10-K.
−Removed: /S/ A NNA P AGLIA
+Added: /S/ BRIAN HARTIGAN
+Added: Brian Hartigan
Principal Executive Officer
12 unchanged sentences
Basis for Opinions
−Removed: The Trust's management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting , included in the accompanying Report of Management on Internal Control O ver Financial Reporting.
+Added: The Trust's management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Report of Management on Internal Control Over Financial Reporting.
Our responsibility is to express opinions on the Trust’s financial statements and on the Trust's internal control over financial reporting based on our audits.
1 unchanged sentence
federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
−Removed: We conducted our audits i n accordance with the standards of the PCAOB.
+Added: We conducted our audits in accordance with the standards of the PCAOB.
Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.
20 unchanged sentences
Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statements of Financial Condition
+Added: Statements of Fina ncial Condition
December 31, 2023 and 2022
14 unchanged sentences
Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statements of Comprehensive Income
+Added: Statements of Comp rehensive Income
For the Years Ended December 31, 2023 and 2022
23 unchanged sentences
Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares
+Added: Statement of Changes in Shareh olders’ Equity and Redeemable Capital Shares
For the Year Ended December 31, 2022
5 unchanged sentences
Net Increase (Decrease) due to Share Transactions
+Added: Distributions
Net Comprehensive Income (Loss)
28 unchanged sentences
Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Notes to Financial Statements
+Added: Notes to Financi al Statements
December 31, 2023
36 unchanged sentences
Any interest below zero for the period is reflected as interest expense on currency deposits.
−Removed: The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
+Added: The Depository may change the rate at which interest
+Added: accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
Distributions
42 unchanged sentences
The interest rate in effect as of December 31, 2023 was an annual nominal rate of 1.92 % .
+Added: For the year ended December 31, 2023, there were Australian Dollar principal deposits of 29,694,198 and Australian Dollar principal redemptions of 34,643,231 resulting in an ending Australian Dollar principal balance of 113,827,761 .
+Added: This equates to 77,670,560 USD.
For the year ended December 31, 2022 , there were Australian Dollar principal deposits of 34,667,570 , Australian Dollar principal redemptions of 49,506,491 and Australian Dollar withdrawals (to pay expenses) of 407,222 , resulting in an ending Australian Dollar principal balance of 118,776,794 .
This equates to 80,548,483 USD (which includes USD redemptions payable).
−Removed: For the year ended December 31, 2021, there were Australian Dollar principal deposits of 14,935,112 , Australian Dollar principal redemptions of 84,490,117 and Australian Dollar withdrawals (to pay expenses) of 745,508 , resulting in an ending Australian Dollar principal balance of 134,022,937 .
−Removed: This equates to 97,441,463 USD.
Net interest, if any, associated with creation and redemption activity is held in an Australian Dollar-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.
26 unchanged sentences
If the Trustee and the Sponsor determine that the most recent Closing Spot Rate is not an appropriate basis for valuation of the Trust’s Australian Dollars, they will determine an alternative basis for the valuation.
−Removed: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding
+Added: The Trustee also determines the NAV per Share, which equals the NAV of the Trust, divided by the number of outstanding Shares.
Shares deliverable under a purchase order are considered outstanding for purposes of determining NAV per Share;
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.