[Deleted by the AUASB. Refer Aus 13.1 ] …

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. …

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

Relevant assertions – An assertion about a class of transactions, account balance or disclosure is relevant when it has an identified risk of material misstatement. The determination of whether an assertion is a relevant assertion is made before …

Risks arising from the use of IT – Susceptibility of information processing controls to ineffective design or operation, or risks to the integrity of information (i.e., the completeness, accuracy and validity of transactions and other information) in the …

Risk assessment procedures – The audit procedures designed and performed to identify and assess the risks of material misstatement, whether due to fraud or error, at the financial report and assertion …

Significant class of transactions, account balance or disclosure – A class of transactions, account balance or disclosure for which there is one or more relevant …

Significant risk – An identified risk of material misstatement: (Ref: Para. A10) For which the assessment of inherent risk is close to the upper end of the spectrum of inherent risk due to the degree to which inherent risk factors affect the combination …

System of internal control – The system designed, implemented and maintained by those charged with governance, management and other personnel, to provide reasonable assurance about the achievement of an entity’s objectives with regard to reliability of …

For the purposes of this Guidance Statement, the following items have the meanings attributed below: …