Emissions trading scheme – A market‑based approach used to control greenhouse gases by providing economic incentives for achieving reductions in the emissions of such …

Entity – The legal entity, economic entity, or the identifiable portion of a legal or economic entity (for example, a single factory or other form of facility, such as a land fill site), or combination of legal or other entities or portions of those …

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 …

Further procedures – Procedures performed in response to assessed risks of material misstatement, including tests of controls (if any), tests of details and analytical …

GHG statement – A statement setting out constituent elements and quantifying an entity’s GHG emissions for a period (sometimes known as an emissions inventory) and, where applicable, comparative information and explanatory notes including a summary of …

“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 …