Definitions

6

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

6(a)

A company limited by guarantee means a company limited by guarantee whose obligations are set out in section 285A of the Act.

6(b)

A registered company auditor includes an individual who meets the requirements of section 324BE of the Act.

6(c)

Revised Legislation means Corporations Amendment (Corporate Reporting Reform) Act 2010.

7

The term “auditor” as used in this Auditing Standard on Review Engagements, refers to a registered company auditor or an individual:

  1. taken to be a registered company auditor under section 324BE of the Act; and/or
  2. permitted under the ACNC Act to conduct reviews of a financial report; and/or
  3. permitted to conduct reviews of a financial report under other applicable legislation or regulation.

8

The term “financial report”, as used in this Auditing Standard on Review Engagements, refers to a financial report for a financial year.  A financial report for a financial year may be for a period that is greater than or less than 12 months.