221 definitions found.
ASA 260
Definition
10(a)
Those charged with governance – The person(s) or organisation(s) (e.g., a corporate trustee) with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity. This includes overseeing …
ASA 260
Definition
10(b)
Management – The person(s) with executive responsibility for the conduct of the entity’s operations. For some entities in some jurisdictions, management includes some or all of those charged with governance, for example, executive members of a governance …
ASA 265
Definition
6(a)
Deficiency in internal control means: A control is designed, implemented or operated in such a way that it is unable to prevent, or detect and correct, misstatements in the financial report on a timely basis; or A control necessary to prevent, or detect …
ASA 265
Definition
6(b)
Significant deficiency in internal control means a deficiency or combination of deficiencies in internal control that, in the auditor’s professional judgement, is of sufficient importance to merit the attention of those charged with governance. …
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 …
ASA 402
Definition
8(d)
Service auditor means an auditor who, at the request of the service organisation, provides an assurance report on the controls of a service …
ASA 402
Definition
8(e)
Service organisation means a third‑party organisation (or segment of a third‑party organisation) that provides services to user entities that are part of those entities’ information systems relevant to financial …
ASA 402
Definition
8(f)
Service organisation’s system means the policies and procedures designed, implemented and maintained by the service organisation to provide user entities with the services covered by the service auditor’s …