Partner means any individual with authority to bind the firm with respect to the performance of an audit, review, other assurance engagement or related services …

Personnel – Partners and staff in the firm.   (Ref: Para. A20‑A21) …

Professional judgement – The application of relevant training, knowledge and experience, within the context of AUASB standards, in making informed decisions about the courses of action that are appropriate in the design, implementation and operation of …

[Deleted by the AUASB. Refer Aus 16.7 ] …

AUASB Standards means standards issued by the AUASB, comprising: Australian Auditing Standards, which means the suite of auditing standards issued by the AUASB, comprising: Auditing Standards made under section 336 of the Corporations Act 2001 ; ASA 805 …

Quality objectives – The desired outcomes in relation to the components of the system of quality management to be achieved by the …

Quality risk – A risk that has a reasonable possibility of: Occurring; and Individually, or in combination with other risks, adversely affecting the achievement of one or more quality …

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 …