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 …

Materiality —variations in performance of an activity evaluated against the identified criteria which, have the potential to affect the economy, efficiency and/or effectiveness of the activity and be reasonably expected to influence relevant decisions of …

Objective of a performance engagement ―is to evaluate the performance of an activity or activities, with respect to economy, efficiency and/or effectiveness against the identified …

Performance engagement ―An assurance engagement to conclude on the performance (expressed as either economy, efficiency and/or effectiveness) of all or a part of the activity or activities of an entity or across multiple entities as evaluated by …

Professional scepticism ―an attitude that includes a questioning mind, being alert to the validity of evidence obtained and to critically assess evidence that contradicts or brings into question the reliability of documents and responses to enquiries and …

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, either oral or written, provided to the assurance practitioner to confirm certain matters or to support other …

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

Subject matter or underlying subject matter ―The activity which is evaluated or measured against the identified criteria. …

Variation ―An instance where the performance of the underlying subject matter exceeds the identified criteria or is deficient in whole or part, as evaluated against the identified …