417 definitions found.
ASAE 3150
Definition
17(rr)
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 …
ASAE 3150
Definition
17(ss)
Subject matter information―The outcome of the measurement or evaluation of the underlying subject matter against the criteria. In an assurance engagement on controls the subject matter information is the Statement of the responsible party or evaluator in …
ASAE 3150
Definition
17(tt)
Subject matter or underlying subject matter―The controls within the system designed to achieve the control objectives, and, if included in the scope of the engagement, the description of the system, the controls implemented or the controls in …
ASAE 3150
Definition
17(uu)
System―The function or service at the entity, location or operational facility for which the controls are being reported upon by the assurance …
ASAE 3150
Definition
17(vv)
Test of controls―A procedure designed to evaluate the design, description, implementation or operating effectiveness of controls in achieving the identified control …
ASAE 3150
Definition
17(ww)
Tolerable rate of deviation―A rate of deviation in the operation of control procedures as designed in respect of which the assurance practitioner seeks to obtain an appropriate level of assurance that the rate of deviation set by the assurance …
ASAE 3150
Definition
17(xx)
User entity―An entity that uses a service organisation. …
ASA 315
Definition
4
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 315
Definition
4(a)
Assertions means representations by management and those charged with governance, explicit or otherwise, that are embodied in the financial report, as used by the auditor to consider the different types of potential misstatements that may …
ASA 315
Definition
4(b)
Business risk means a risk resulting from significant conditions, events, circumstances, actions or inactions that could adversely affect an entity’s ability to achieve its objectives and execute its strategies, or from the setting of inappropriate …