‘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 Guidance Statement the following words and phrases have the meanings attributed below: …

Criteria - the benchmarks used to measure or evaluate the underlying subject matter. An applicable financial reporting framework is an example of …

Engagement risk - the risk of expressing inappropriate opinions and/or conclusions when the subject matter is materially misstated, including when the subject matter has material deficiencies or deviations or is materially …

Grant acquittal - a requirement of a funding agreement and is performed by the recipient of the funding (the responsible party). An acquittal can take a number of forms such as financial reports/statements, written reports, documentation of activities …