Public Corporations [27] (and quasi-corporations) – The terms ‘Public Corporation’ and ‘quasi-corporation’ are defined in AASB 1049 (Appendix 1) and the ABS GFS Manual. Public Corporations are typically categorised into Public Financial Corporations (PFC) …

Public sector – The combination of the GGS and Public Corporations. …

For the purpose of this GS, the following terms have the meanings attributed below: …

For the purposes of the Australian Auditing Standards, the following terms have the meanings attributed below: …

Audit sampling (sampling) means the application of audit procedures to less than 100% of items within a population of audit relevance such that all sampling units have a chance of selection in order to provide the auditor with a reasonable basis on which …

Population means the entire set of data from which a sample is selected and about which the auditor wishes to draw conclusions. …

Sampling risk means the risk that the auditor’s conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same audit procedure.  Sampling risk can lead to two types of erroneous conclusions: In the …

Non-sampling risk means the risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk. (Ref: Para . A1 …

Anomaly means a misstatement or deviation that is demonstrably not representative of misstatements or deviations in a population. …

Sampling unit means the individual items constituting a population. (Ref: Para . A2 ) …