152 paragraphs found
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 …
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 …