Responsible party―The party responsible for the underlying subject matter, being the design, description, implementation or operating effectiveness of controls in an assurance engagement on …

Sampling―The application of assurance procedures to less than 100% of items within a population of relevance to the engagement such that all sampling units have a chance of selection in order to provide the assurance practitioner with a reasonable basis …

Sampling risk―The risk that the assurance practitioner’s conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same assurance procedure. Sampling risk can lead to two types of erroneous …

Service organisation―A third party organisation (or segment of a third party organisation) that provides services to user entities that are likely to be relevant to user entities’ internal control as it relates to relevant external reporting, whether …

Short-form report―Assurance report including only the matters required under paragraph 89 of this ASAE. …

Specific control objective―Control objective expressed in sufficient detail such that controls can be designed to achieve that objective directly without further …

Statement―The outcome in writing of the responsible party or evaluator’s evaluation of the suitability of the design of controls to achieve the control objectives, and, if included in the scope of the engagement, the fair presentation of the description …

For the purposes of this ASAE, the following terms have the meanings attributed below: …

Activity ―a government or private sector provision of products or services, system, operation, function or programme which may be conducted within a single entity or across multiple entities, departments, agencies, joint ventures or other organisations, …

Assurance practitioner ―individual or firm or other organisation, whether in public practice, industry and commerce, or the public sector, providing assurance services including performance engagements.  Where this ASAE expressly intends that a …