Hypothetical assumptions [7] means assumptions made by the responsible party in preparing prospective financial information in the form of a projection about future events and management actions which may not necessarily be expected to take place or that …

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

​​​​Management means the person(s) with executive responsibility for the conduct of the operations or individual business units of the entity.  For some entities, in some circumstances, management includes some or all of those charged with governance, for …

Materiality means in relation to information, that if certain information is omitted, misstated, or not disclosed, that information has the potential to affect the economic decisions of users of the document, or the discharge of accountability by …

​​Material inconsistency means information within the document that materially contradicts the financial information that is the subject of the assurance report. …

Misstatement of fact means information that is incorrectly stated or presented in the document.  A material misstatement of fact may undermine the credibility of financial information that is the subject of the assurance report. …

Multiple types of financial information mean financial information that involves more than one type. [12] …

Evaluating the appropriate presentation, arrangement and content of the financial report, includes, for example, consideration of the terminology used as required by the applicable financial reporting framework, the level of detail provided, and the basis …

An audit of a financial report is a cumulative and iterative process.  As the auditor performs planned audit procedures, the audit evidence obtained may cause the auditor to modify the nature, timing or extent of other planned audit procedures.  …

The form and extent of audit documentation is a matter of professional judgement, and is influenced by the nature, size and complexity of the entity and its internal control, availability of information from the entity and the audit methodology and …