Firm ―A sole assurance practitioner, partnership or corporation or other entity of individual assurance practitioners.  “Firm” should be read as referring to its public sector equivalents where …

Intended users ―The individual(s) or organisation(s), or group(s) thereof that the assurance practitioner expects will use the assurance report. In some cases, there may be intended users other than those to whom the assurance report is …

Internal audit function ―A function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity’s governance, risk management and internal control …

Limited assurance engagement ―An assurance engagement in which the assurance practitioner reduces engagement risk to a level that is acceptable in the circumstances of the engagement, but where that risk is greater than for a reasonable assurance …

Long-form report ―Assurance report including other information and explanations that are intended to meet the information needs of users but not to affect the assurance practitioner’s conclusion. In addition to the matters required to be contained in the …

Material in the context of a compliance engagement ― in relation to potential (for risk assessment purposes) or detected (for evaluation purposes) matter(s) of non-compliance – instance(s) of non-compliance that are significant, individually or …

Misstatement ―For attestation engagements on compliance, a difference between the Statement and the assurance practitioner’s evaluation of compliance with the compliance requirements. Misstatements can be intentional or unintentional, qualitative or …

Non‑compliance ―For both attestation and direct engagements on compliance, a failure to meet a compliance requirement in whole or in …

Professional judgement ―The application of relevant training, knowledge and experience, within the context provided by assurance and ethical standards, in making informed decisions about the courses of action that are appropriate in the circumstances of …

Professional scepticism ―An attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement or non‑compliance, and a critical assessment of …