Corresponding figures mean comparative information where amounts and other disclosures for the prior period are included as an integral part of the current period financial report, and are intended to be read only in relation to the amounts and other …

Comparative financial reports means comparative information where amounts and other disclosures for the prior period are included for comparison with the financial report of the current period but, if audited, are referred to in the auditor’s opinion.  …

“Element of a financial statement” or “element” means an “element, account or item of a financial statement;” …

“Australian Accounting Standards” means the Australian Accounting Standards issued by the Australian Accounting Standards Board; and …

A single financial statement or to a specific element of a financial statement includes the related disclosures.  (Ref: Para.  A2 …

Applied criteria – The criteria applied by management in the preparation of the summary financial statements. …

Audited financial report – Financial report [1]  audited by the auditor in accordance with Australian Auditing Standards, and from which the summary financial statements are …

Summary financial statements – Historical financial information that is derived from a financial report, or complete set of financial statements, but that contains less detail than the financial report, while still providing a structured representation …

Analytical procedures ―Evaluations of financial information through analysis of plausible relationships among both financial and non‑financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or …

Engagement risk ―The risk that the assurance practitioner expresses an inappropriate conclusion when the financial statements are materially …