Listed entity means an entity whose shares, stock or debt are quoted or listed on a recognised stock exchange, or are marketed under the regulations of a recognised stock exchange or other equivalent …

Monitoring means a process comprising an ongoing consideration and evaluation of the firm’s system of quality control, including a periodic inspection of a selection of completed engagements, designed to provide the firm with reasonable assurance that its …

Network firm means a firm or entity that belongs to a network. …

Network means a larger structure: That is aimed at cooperation; and That is clearly aimed at profit or cost-sharing or shares common ownership, control or management, common quality control policies and procedures, common business strategy, the use of a …

[Deleted by the AUASB. Refer Aus 7.4] …

Personnel means partners and staff …

[Deleted by the AUASB. Refer Aus 7.5] …

[Deleted by the AUASB. Refer Aus 7.6] …

Staff means professionals, other than partners, including any experts the firm employs. …

Suitably qualified external person means an individual outside the firm with the competence and capabilities to act as an engagement partner, for example, a partner of another firm, or an employee (with appropriate experience) of a professional …