Substantive procedure means an audit procedure designed to detect material misstatements at the assertion level.  Substantive procedures comprise: Tests of details (of classes of transactions, account balances, and disclosures); and Substantive analytical …

Test of controls means an audit procedure designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion …

For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …

Component means an entity or business activity for which group or component management prepares financial information that should be included in the group financial report. (Ref: Para. …

Component auditor means an auditor who, at the request of the group engagement team, performs work on financial information related to a component for the group audit. (Ref: Para. …

Component management means management, or those charged with governance, responsible for the preparation of the financial information of a …

Component materiality means the materiality for a component determined by the group engagement team. …

Group means all the components whose financial information is included in the group financial report. A group always has more than one …

Group audit means the audit of a group financial report. …

Group audit opinion means the audit opinion on the group financial report. …