Reasonable assurance engagement means an assurance engagement where the assurance practitioner reduces the assurance engagement risk to an acceptably low level in the circumstances of the assurance engagement as the basis for the assurance practitioner’s …

Reasonable grounds means, in relation to a statement made, that there must be a sufficient objective foundation for that statement. …

Relevant Date means as applicable: the allotment date; the effective date of the relevant proposed fundraising; the implementation date of the relevant proposed merger transaction; or in the case of a scheme of arrangement, the date of the shareholders or …

Responsible party means those charged with governance of the entity (ordinarily the Board of Directors), who are also responsible for the preparation and issuance of the financial information included in the document.  It may also mean the management of …

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 …

For the purposes of this Standard on Assurance Engagements, the following terms have the meanings attributed below: …

Applicable criteria – The criteria used by the responsible party when compiling the pro forma financial information. Criteria may be established by applicable law or regulation or in the absence of established criteria, be developed by the responsible …

Pro forma adjustments – In relation to unadjusted financial information, these include: Adjustments to unadjusted financial information that illustrate the impact of a significant event(s) or transaction(s) (“events” or “transactions”) as if the event had …