DefinitionsDefinitions

Definitions

6 “Going concern basis” means the accounting basis whereby in the preparation of the financial report the reporting entity is viewed as a going concern, that is, the entity is expected to:

(a) be able to pay its debts as and when they fall due; and

(b) continue in operation without any intention or necessity to liquidate or otherwise wind up its operations.

7 “Relevant period” means the period of approximately 12 months from the date of the auditor’s current report to the expected date of the auditor’s report for:

(a) the next annual reporting period in the case of an annual financial report; or

(b) the corresponding reporting period for the following year in the case of an interim reporting period.