Document ID: chunk:federal_register_of_legislation:F2018L00592:body:0:p8
Version: federal_register_of_legislation:F2018L00592
Segment Type: other
Provision Reference: 
Character Range: 19781–22714

a)             must include a declaration that either:
           1. the auditor is a registered auditor; or
           2. the auditor is a member of a firm where at least one member is a registered auditor; or
           3. the auditor is a member of a company where at least one of whose directors, officers or employees is a registered auditor; and
       b)             must specify the registered auditor's:
           1. name; and
           2. registration number.
    1. The auditor's statement must include a declaration, that as part of the audit of the financial statements, they have concluded that management's use of the going concern basis of accounting in the preparation of the reporting unit's financial statements is appropriate.

 Glossary of terms
31.          The following terms are used in these reporting guidelines—the meaning of any term defined in the Australian Accounting Standards is not modified by the following glossary:
    amalgamated organisation has the meaning provided in section 35 of the RO Act.
    assets are resources controlled by a reporting unit as a result of past events and from which future economic benefits are expected to flow to the entity.
    Australian Accounting Standards means the accounting standards issued by the Australian Accounting Standards Board (AASB) or issued by CPA Australia and by The Institute of Chartered Accountants in Australia and adopted by the AASB (section 6 of the RO Act).
    capitation fees (also commonly known as sustentation fees or affiliation fees) mean amounts which, under the rules of the organisation or a branch of the organisation, a reporting unit may receive from or pay to another reporting unit of the organisation, calculated in accordance with rules of the organisation or branch for the purpose of ongoing general administrative expenses.
    cash means cash on hand and demand deposits.
    cash equivalent means short term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
    cash flows means inflows and outflows of cash and cash equivalents.
    comparatives mean the corresponding amounts and other disclosures for the preceding financial year presented for comparative purposes as part of the current year's financial report.
    control means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in achieving the objectives of the controlling entity.
    control (of an entity) means the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
    designated officer is an officer of the reporting unit within the meaning of section 243 of the RO Act.
    employee benefits mean all forms of consideration given by