286 definitions found.
ASA 540
Definition
12(e)
Management’s point estimate – The amount selected by management for recognition or disclosure in the financial report as an accounting …
ASA 540
Definition
12(f)
Outcome of an accounting estimate – The actual monetary amount that results from the resolution of the transaction(s), event(s) or condition(s) addressed by an accounting estimate. (Ref: Para. A18 …
ASA 720
Definition
12
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 720
Definition
12(a)
Annual report – A document, or combination of documents, prepared typically on an annual basis by management or those charged with governance in accordance with law, regulation or custom, the purpose of which is to provide owners (or similar stakeholders) …
ASA 720
Definition
12(b)
Misstatement of the other information – A misstatement of the other information exists when the other information is incorrectly stated or otherwise misleading (including because it omits or obscures information necessary for a proper understanding of a …
ASA 720
Definition
12(c)
Other information – Financial or non‑financial information (other than the financial report and the auditor’s report thereon) included in an entity’s annual report. …
ASA 701
Definition
8
For the purposes of this Auditing Standard, the following term has the meaning attributed below: Key audit matters —Those matters that, in the auditor’s professional judgement, were of most significance in the audit of the financial report of the current …
ASA 315
Definition
12
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 315
Definition
12(a)
Assertions – Representations, explicit or otherwise, with respect to the recognition, measurement, presentation and disclosure of information in the financial report which are inherent in management representing that the financial report is prepared in …
ASA 315
Definition
12(b)
Business risk – A risk resulting from significant conditions, events, circumstances, actions or inactions that could adversely affect an entity’s ability to achieve its objectives and execute its strategies, or from the setting of inappropriate objectives …