For purposes of the Australian Auditing Standards, the term “ analytical procedures ” means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data.  Analytical procedures also encompass …

For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below: …

External confirmation means audit evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other …

Positive confirmation request means a request that the confirming party respond directly to the auditor indicating whether the confirming party agrees or disagrees with the information in the request, or providing the requested …

Negative confirmation request means a request that the confirming party respond directly to the auditor only if the confirming party disagrees with the information provided in the …

Non-response means a failure of the confirming party to respond, or fully respond, to a positive confirmation request, or a confirmation request returned …

Exception means a response that indicates a difference between information requested to be confirmed, or contained in the entity’s records, and information provided by the confirming …

For the purposes of this Guidance Statement, the following items have the meanings attributed below: …

Assurance engagement means an engagement in which the RSE auditor aims to obtain sufficient appropriate evidence in order to express a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the …

Internal control encompasses the following components: the control environment; the RSE licensee’s risk assessment process; information systems, including the related business processes, relevant to financial and prudential reporting, and communication; …