For purposes of this Auditing Standard, the following terms have the meanings attributed below:

Applied criteria – The criteria applied by management in the preparation of the summary financial statements.

Audited financial report – Financial report^[1] audited by the auditor in accordance with Australian Auditing Standards, and from which the summary financial statements are derived.

Summary financial statements – Historical financial information that is derived from a financial report, or complete set of financial statements, but that contains less detail than the financial report, while still providing a structured representation consistent with that provided by the financial report of the entity’s economic resources or obligations at a point in time or the changes therein for a period of time.^[2] Different jurisdictions may use different terminology to describe such historical financial information.