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 …

Fraud―An intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal …

Fraud risk factors―Events or conditions that indicate an incentive or pressure to commit fraud or provide an opportunity to commit …

Implementation―The process of putting controls into effect by deployment or roll-out of controls to enable their operation as designed. …

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