Firm means a sole practitioner, partnership, or corporation or other entity of assurance practitioners.  Firm should be read as referring to a public sector equivalent where …

Inspection means, in relation to completed audit engagements, procedures designed to provide evidence of compliance by engagement teams with the firm’s quality control policies and …

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] …

Partner means any individual with authority to bind the firm with respect to the performance of an audit of a financial report or historical financial information.  Partner should be read as referring to a public sector equivalent where …

Personnel means partners and staff …

[Deleted by the AUASB. Refer Aus 7.5] …