417 definitions found.
ASAE 3150
Definition
17(m)
Deviation in operating effectiveness of controls―Instances where a control was not operating as designed. …
ASA 720
Definition
12(a)
Annual report – A document, or combination of documents, prepared typically on an annual basis by management or those charged with governance in accordance with law, regulation or custom, the purpose of which is to provide owners (or similar stakeholders) …
ASA 720
Definition
12(b)
Misstatement of the other information – A misstatement of the other information exists when the other information is incorrectly stated or otherwise misleading (including because it omits or obscures information necessary for a proper understanding of a …
ASA 720
Definition
12(c)
Other information – Financial or non‑financial information (other than the financial report and the auditor’s report thereon) included in an entity’s annual report. …
ASAE 3150
Definition
17(n)
Direct controls―Controls which directly address the risks of a control objective not being achieved, by detecting, preventing or correcting a failure to achieve a control objective on a timely …
ASAE 3150
Definition
17(o)
Direct engagement on controls―A reasonable or limited assurance engagement in which the assurance practitioner evaluates the design of the controls against the control objectives, and, if included in the scope of the engagement, the description, …
ASAE 3150
Definition
17(p)
Engaging party―The party(ies) that engages the assurance practitioner to perform the assurance engagement. …
ASRS 4450
Definition
10(c)
Auditor means the person or firm appointed to audit an entity’s financial report. …
ASRS 4450
Definition
10(d)
Auditor’s statement means a statement made by the auditor that based on the procedures performed, nothing has come to the auditor’s attention that caused the auditor to believe that specified matters do not meet specified …
ASRS 4450
Definition
10(e)
Bring down comfort letter means a letter prepared and issued by the auditor subsequent to the issuance of the initial comfort letter, that updates and reaffirms the results of the specified procedures described in that comfort letter as at a certain …