Reasonable assurance – In the context of the ASQMs, a high, but not absolute, level of assurance. …

[Deleted by the AUASB. Refer Aus 16.8 ] …

Relevant ethical requirements means relevant ethical requirements as defined in ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements . ( Ref: Para. A22-A24 ; A62 …

Response (in relation to a system of quality management) – Policies or procedures designed and implemented by the firm to address one or more quality risk(s): ( Ref: Para. A25‑A27 , A50 ) Policies are statements of what should, or should not, be done to …

Service provider (in the context of this ASQM) – An individual or organisation external to the firm that provides a resource that is used in the system of quality management or in the performance of engagements. Service providers exclude the firm’s …

Staff – Professionals, other than partners, including any experts the firm employs. …

System of quality management – A system designed, implemented and operated by a firm to provide the firm with reasonable assurance that: The firm and its personnel fulfill their responsibilities in accordance with AUASB standards and applicable legal and …

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

Engagement quality review – An objective evaluation of the significant judgements made by the engagement team and the conclusions reached thereon, performed by the engagement quality reviewer and completed on or before the date of the engagement …

Engagement quality reviewer – A partner, other individual in the firm, or an external individual, appointed by the firm to perform the engagement quality …