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


Special purpose financial statements – Financial statements prepared in accordance with a special purpose framework. (Ref: Para.A4)


Special purpose framework – A financial reporting framework designed to meet the financial information needs of specific users.  The financial reporting framework may be a fair presentation framework or a compliance framework.[2] (Ref: Para. A1–A4)

Aus 6.1

Special purpose financial report means a complete set of financial statements[*], including an assertion statement[#] by those responsible for the financial report, prepared in accordance with a special purpose framework. (Ref: Para. A1-A4)


Reference to “financial statements” in this Auditing Standard means “a complete set of special purpose financial statements”.  The requirements of the applicable financial reporting framework determine the presentation, structure, and content of the financial statements, and what constitutes a complete set of financial statements.  Reference to “special purpose financial statements” includes the related disclosures.


ASA 200, paragraph Aus 13.1.


Where considered applicable.


ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing, paragraph 13(a).