Reporting period – the period for which a water accounting report is prepared. …

Responsible party – those charged with governance or management, as appropriate, responsible for the preparation and presentation of the general purpose water accounting report. (Ref: Para. A11-A13 …

Special purpose water accounting report – a water accounting report tailored to the information needs of a user able to command this …

Subject matter information – the information that results from applying the criteria to the underlying subject matter. The subject matter information in an engagement conducted under this Standard is the general purpose water accounting …

Those charged with governance – the person(s) or organisation(s) (for example, a corporate trustee) with responsibility for overseeing the strategic direction of an entity and obligations related to the accountability of the entity. For the purposes of …

Underlying subject matter – the subject matter that is measured or evaluated by applying criteria. In an engagement conducted under this Standard the underlying subject matter is the water assets, water liabilities, changes in water assets and water …

Water – the liquid that descends from clouds as rain and forms streams, lakes, groundwater aquifers and seas. Water is a chemical compound comprising two atoms of hydrogen and one atom of oxygen. Water may exist in solid, liquid or gaseous …

Water accounting report – may be either a general purpose water accounting report or a special purpose water accounting report. …

Water accounting statements – comprise the statement of water assets and water liabilities, the statement of changes in water assets and water liabilities, and the statement of water …

Water asset – water, or the rights or other claims to water, which the water report entity holds or transfers, and from which the water report entity, or stakeholders of the water report entity, derive future …