458 definitions found.
ASA 220
Definition
12(l)
Response (in relation to a system of quality management) – Policies or procedures designed and implemented by the firm to address one or more quality risk(s): Policies are statements of what should, or should not, be done to address a quality risk(s). …
ASA 220
Definition
12(m)
Staff – Professionals, other than partners, including any experts the firm employs. …
ASA 550
Definition
10
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 550
Definition
10(a)
Arm’s length transaction means a transaction conducted on such terms and conditions as between a willing buyer and a willing seller who are unrelated and are acting independently of each other and pursuing their own best interests. …
ASA 550
Definition
10(b)
Related party means a party that is either: (Ref: Para. A4‑A7 ) A related party as defined in the applicable financial reporting framework * ; or Where the applicable financial reporting framework establishes minimal or no related party requirements: …
ASA 320
Definition
9
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: Performance materiality means the amount or amounts set by the auditor at less than materiality for the financial report as a whole to reduce aggregation …
ASA 402
Definition
8
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 402
Definition
8(a)
Complementary user entity controls means controls that the service organisation assumes, in the design of its service, will be implemented by user entities, and which, if necessary to achieve control objectives, are identified in the description of its …
ASA 402
Definition
8(b)
Report on the description and design of controls at a service organisation (referred to in this Auditing Standard as a type 1 report) means a report that comprises: A description, prepared by management of the service organisation, of the service …
ASA 402
Definition
8(c)
Report on the description, design, and operating effectiveness of controls at a service organisation (referred to in this Auditing Standard as a type 2 report) means a report that comprises: A description, prepared by management of the service …