AWAS I requires information to be disclosed in the notes in the general purpose water accounting report that assists users of the report to understand the future prospects of the water report …

Disclosures about the future prospects of the water report entity include estimates of expected inflows, under various climatic conditions, and expected settlements of water liabilities and future water commitments. Estimation involves judgement based on …

The assurance practitioner's procedures in relation to estimates are described at paragraphs 49L-50R. …

In considering the reasonableness of assumptions, the assurance practitioner may enquire of, and discuss with, management the following: The nature of the assumptions, including which assumptions are likely to be significant assumptions. How management …

 Even where the disclosures about the future prospects of the water report entity are in accordance with AWAS 1, if they involve significant risk, the assurance practitioner may  conclude that the disclosures are inadequate in the light of the …

Procedures Related to Unaccounted-for Differences (Ref: Para. 52) …

AWAS 1 requires information to be disclosed in the notes to the general purpose water accounting report that is relevant to an understanding of the water assets and water liabilities of the water report entity and the management of those water assets and …

In considering the reasonableness of an unaccounted-for difference in the general purpose water accounting report, if any, the assurance practitioner may enquire of, and discuss with, management the following: The possible causes of the unaccounted-for …

Information Prepared Using the Work of a Management's Expert (Ref: Para. 53) …

The responsible party may use the work of a management's expert to assist them in preparing the general purpose water accounting report. For example, expertise may be required to estimate or calculate the volumes of certain water assets, water liabilities …