Audited financial report – Financial report [1]  audited by the auditor in accordance with Australian Auditing Standards, and from which the summary financial statements are …

Summary financial statements – Historical financial information that is derived from a financial report, or complete set of financial statements, but that contains less detail than the financial report, while still providing a structured representation …

For purposes of the Australian Auditing Standards, the term “ analytical procedures ” means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data.  Analytical procedures also encompass …

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

Engagement partner [3] – The partner or other individual, appointed by the firm, who is responsible for the audit engagement and its performance, and for the auditor’s report that is issued on behalf of the firm, and who, where required, has the …

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 …

[Deleted by the AUASB. Refer Aus 12.1] …

Engagement team – All partners and staff performing the audit engagement, and any other individuals who perform audit procedures on the engagement, excluding an auditor’s external expert [4] . [5] …

Firm – A sole practitioner, partnership or corporation or other entity of assurance practitioners, or public sector equivalent. (Ref: Para. A26) …