Water accounting report – may be either a general purpose water accounting report or a special purpose water accounting report. …

Water accounting statements – comprise the statement of water assets and water liabilities, the statement of changes in water assets and water liabilities, and the statement of water …

Water asset – water, or the rights or other claims to water, which the water report entity holds or transfers, and from which the water report entity, or stakeholders of the water report entity, derive future …

Water entity – an entity that: Holds or transfers water, or Holds or transfers rights or other direct or indirect claims to water, or Has inflows and/or outflows of …

Water liability – a present obligation of the water report entity, the discharge of which is expected to result in a decrease in the water report entity’s water assets or an increase in another water …

Water report entity – a water entity in respect of which it is reasonable to expect the existence of users who depend on general purpose water accounting reports for information about water, or rights or other claims to water, which will be useful to them …

For the purposes of this Guidance Statement, the following items have the meanings attributed below: …

Agreed‑upon procedures engagement [14] – an engagement which involves the performance of procedures of an assurance nature from which no conclusion or opinion is expressed by the assurance practitioner and no assurance is provided to intended users.   …

Applicable criteria – the specific criteria used by the responsible party in preparing and presenting the general purpose water accounting report. …

Assertions – representations by the responsible party, explicit or otherwise, that are embodied in the general purpose water accounting report, as used by the assurance practitioner to consider the different types of potential misstatements that may …