Assurance practitioner ―individual or firm or other organisation, whether in public practice, industry and commerce, or the public sector, providing assurance services including performance engagements.  Where this ASAE expressly intends that a …

Attestation engagement ―An assurance engagement in which a party other than the assurance practitioner measures or evaluates the underlying subject matter against the criteria.  The outcome of that measurement or evaluation is often presented in a report …

Criteria ―The benchmarks used to measure or evaluate the underlying subject matter, which in a performance engagement is the activity.  The “identified criteria” are the criteria used for the particular …

Direct engagement on performance ―A reasonable assurance engagement in which the assurance practitioner evaluates the activity’s performance against the identified criteria.  The outcome of the assurance practitioner’s evaluation is expressed in the …

Economy ―the performance principle relating to the minimisation of the costs of resources, within the operational requirements of timeliness and availability of required quantity or …

Effectiveness ―the performance principle relating to the extent to which the intended objectives at a program or entity level are …

Efficiency ―the performance principle relating to the minimisation of inputs employed to deliver the intended outputs in terms of quality, quantity and …

Engagement risk ―the risk that the assurance practitioner expresses an inappropriate conclusion. …

Engaging party ―The party(ies) that engages the assurance practitioner to perform the assurance engagement.  In a performance engagement initiated by an Auditor‑General there will not normally be an engaging party as the State, Territory or Federal …

Intended users ―Parliament, responsible party, individual(s) or organisation(s), or group(s) thereof that the assurance practitioner expects will use the assurance report. In some cases, there may be intended users other than those to whom the assurance …