263Interpretation

#### 263 Interpretation 263 Interpretation > > (1) In this Part— > > > > accounting standard—see section 314. > > > > audit means— > > > > > (a) an audit conducted for the purposes of this Law; or > > > > > (b) a review of a financial report conducted for the purposes of this Law. > > > > auditing standard—see section 314. > > > > consolidated entity means a co-operative together with all the entities it is required by the accounting standards to include in consolidated financial statements. > > > > directors’ declaration—see section 273. > > > > financial report means an annual financial report or a half-year financial report prepared by a co-operative under this Part (and see section 273). > > > > financial statements—see section 273. > > > > notes to the financial statements—see section 273. > > > (2) Terms used in this Part have the same meanings as they have in the Corporations Act, and in particular in Chapter 2M of the Corporations Act. > > > > Note— > > > > Examples of terms covered by subsection (2) are authorised audit company, entity, control and registered company auditor. > > > (3) Without limiting subsection (2), the term controlled entity used in this Part has a meaning affected by section 50AA of the Corporations Act.