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 and assess the risks that may cause significant variations in an activity’s performance. …

Significance [14] —The relative importance of a matter, within the context in which it is being considered, that could potentially influence the decisions of the intended users of the assurance report. (Ref: Para 31-33 …

Subject matter—The phenomenon that is measured or evaluated by applying criteria. [15] In the context of a performance engagement the subject matter is the responsible party or parties’ performance of an activity as evaluated against the identified …

Variation—An instance where the actual performance of the activity varies from the identified criteria. …

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] …