In a reasonable assurance engagement, respond to the risks that may cause significant variations in an activity’s performance. …

Intended users―Parliament and the responsible party(ies), as well as organisations, groups or individuals that the assurance practitioner expects will use the assurance report. If the assurance report is publicly available, intended users includes the …

Limited assurance engagement―An assurance engagement in which the assurance practitioner reduces engagement risk to a level that is acceptable in the circumstances of the engagement, but where that risk is greater than for a reasonable assurance …

Performance engagement―An assurance engagement that concludes on all or a part of an activity’s performance as evaluated against identified criteria. Performance engagements generally focus on one or more performance principle (see 18(n) below). …

Performance principle—The specific aspect of performance being evaluated against the engagement objective. Performance engagements generally focus on one or more of the principles of economy, efficiency, effectiveness, and/or ethics; however, may also …

Professional scepticism―An attitude that includes a questioning mind, being alert to the validity of evidence obtained and critically assessing evidence that contradicts or brings into question the reliability of information obtained. Information may …

Reasonable assurance engagement―An assurance engagement in which the assurance practitioner reduces engagement risk to an acceptably low level in the circumstances of the engagement as the basis for the assurance practitioner’s conclusion. The assurance …

Representation―Statement by the responsible party(ies), either oral or written, provided to the assurance practitioner to confirm certain matters or to support other …

Responsible party―The party or parties responsible for the performance of all or part of the activity, which is the subject matter of the performance …

Risk procedures—Procedures designed and performed to: (Ref: Para 36-40 ) In a limited assurance engagement, identify areas where a significant variation in an activity’s performance is likely to arise; and In a reasonable assurance engagement, identify …