Reasonable assurance engagement means an assurance engagement where the assurance practitioner reduces the assurance engagement risk to an acceptably low level in the circumstances of the assurance engagement as the basis for the assurance practitioner’s …

Reasonable grounds means, in relation to a statement made, that there must be a sufficient objective foundation for that statement. …

Relevant Date means as applicable: the allotment date; the effective date of the relevant proposed fundraising; the implementation date of the relevant proposed merger transaction; or in the case of a scheme of arrangement, the date of the shareholders or …

Responsible party means those charged with governance of the entity (ordinarily the Board of Directors), who are also responsible for the preparation and issuance of the financial information included in the document.  It may also mean the management of …

Stated basis of preparation means the basis on which the responsible party has chosen to prepare the financial information that is acceptable in view of the nature and objective of the document, or as required by applicable law or regulation.  A stated …

Subsequent events mean events or facts that become known to the assurance practitioner after the date of the assurance report and prior to the relevant …

Takeover means the acquisition of control of listed or unlisted entities conducted in accordance with Chapter 6 of the Corporations Act 2001 …

Entity’s system (or the system)―The policies and procedures designed and implemented by the entity to provide the functions or services covered by the assurance practitioner’s report, including the control objectives which address the overall objectives …

Evaluator―The party(ies) who evaluates the underlying subject matter against the criteria. The evaluator possesses expertise in the underlying subject …

Firm―A sole assurance practitioner, partnership or corporation or other entity of individual assurance practitioners. “Firm” should be read as referring to its public sector equivalents where …