‘Limited assurance’, is defined in APS 001, in accordance with the AUASB’s Framework for Assurance Engagements . …

‘Prudential Requirements’ [23] , is defined in APS 001 and includes requirements imposed by: the Banking Act; Regulations (made under the Banking Act); APRA Prudential Standards (made under the Banking Act); the FSCODA; APRA Reporting Standards (made …

‘Reasonable assurance’, is defined in APS 001, in accordance with the AUASB’s Framework for Assurance Engagements . …

‘Routine reporting’, refers to the appointed auditor’s responsibility under APS 310, 3PS 310 and APS 910 to report to APRA and the ADI and/or Level 3 head, on an annual basis, in relation to the matters identified in paragraphs 48-57 of this Guidance …

‘Specified ADI Reporting Forms’, means APRA ADI Reporting Forms listed in APS 310 Attachment A – Data Collections subject to reasonable and/or limited assurance . …

‘Standardised ADI’, means an ADI that uses the standardised measurement approaches, available under APRA Prudential Standards, for capital adequacy purposes in respect of the whole of its operations. See also paragraph 28(d) …

For the purposes of this ASAE, terms have the same meaning as in ASAE 3000 and in addition, the following terms have the meanings attributed …

Attestation engagement on controls―A reasonable or limited assurance engagement in which a party other than the assurance practitioner, being the responsible party or evaluator, evaluates the design against the control objectives, and, if included in the …

Anomaly―A deviation in a sample that is demonstrably not representative of deviations in a population. …

Carve-out method―A method of dealing with controls operating at a third party, which are integral to the system or control component which is subject to the engagement, whereby that third party’s relevant control objectives and related controls are …