For the purposes of this Auditing Standard, the following term has the meaning attributed below: Performance materiality means the amount or amounts set by the auditor at less than materiality for the financial report as a whole to reduce to an …

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

Fraud means an intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal …

Fraud risk factors means events or conditions that indicate an incentive or pressure to commit fraud or provide an opportunity to commit …

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

Assurance engagement means an engagement in which an assurance practitioner expresses a conclusion designed to enhance the degree of confidence of the intended users, other than the responsible party, about the outcome of the evaluation or measurement of …

Assurance practitioner means an individual, firm, or other organisation, whether in public practice, industry and commerce, or the public sector conducting assurance engagements, or related services engagements (including engagements to perform …

Date of report means the date the assurance practitioner signs the report. …

Deficiency in the firm’s system of quality management (referred to as “deficiency” in this ASQM) – This exists when: ( Ref: Para. A10 , A159-A160 ) A quality objective required to achieve the objective of the system of quality management is not …

Engagement documentation – The record of work performed, results obtained, and conclusions the practitioner reached (terms such as “working papers” or “work papers” are sometimes …