Compliance activity (subject matter or underlying subject matter) ―The activity that is undertaken to meet the compliance requirement(s). …

Compliance engagement –An assurance engagement in which an assurance practitioner expresses a conclusion after evaluating an entity’s compliance with the compliance …

Compliance framework –A framework adopted by the entity, which is designed to ensure that the entity achieves compliance, and includes governance structures, programs, processes, systems, controls and …

Compliance outcome (subject matter information) ―The outcome of the evaluation of the underlying subject matter (compliance activity) against the compliance requirements, using the criteria.  The compliance outcome is the Statement of the responsible …

Compliance requirement(s) ―The  requirements established in law, regulations, other statutory requirements (e.g. ASIC Class Orders and Regulatory Guides and APRA Prudential Standards), contractual arrangements, ministerial directives, industry or …

Criteria ―The benchmark, framework or legislation used to evaluate whether the compliance requirements have been met.  The “applicable criteria” are the criteria used for the particular engagement.  ( Ref: Para.  23 , A13 , Appendix 1 …

Direct engagement on compliance ―A reasonable or limited assurance engagement in which the assurance practitioner evaluates whether the compliance requirements have been met.  The compliance outcome of the assurance practitioner’s evaluation (the subject …

Engaging party ―The party(ies) that engages the assurance practitioner to perform the assurance engagement. …

Entity ―The legal entity, economic entity, or the identifiable portion of a legal or economic entity, or combination of legal or other entities or portions of those entities (for example, a joint venture) to which the compliance requirements …

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