Group financial report means a financial report that includes the financial information of more than one component. The term “group financial report” also refers to combined financial reports aggregating the financial information prepared by components …

Group management means management, or those charged with governance, responsible for the preparation of the group financial report. …

Group wide controls means controls designed, implemented and maintained by group management over group financial reporting. …

Significant component means a component identified by the group engagement team (i) that is of individual financial significance to the group, or (ii) that, due to its specific nature or circumstances, is likely to include significant risks of material …

Reference to “ the applicable financial reporting framework ” means the financial reporting framework that applies to the group financial report.  Reference to “the consolidation process” includes:  The recognition, measurement, presentation, and …

For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …

General purpose financial report – a financial report prepared in accordance with a general purpose framework. …

General purpose framework – A financial reporting framework designed to meet the common financial information needs of a wide range of users. The financial reporting framework may be a fair presentation framework or a compliance framework. The term “fair …

Unmodified opinion – The opinion expressed by the auditor when the auditor concludes that the financial report is prepared, in all material respects, in accordance with the applicable financial reporting framework. …

[Deleted by the AUASB.  Refer Aus 8.1 and Aus 8.2] [8] …