Professional judgement – The application of relevant training, knowledge and experience, within the context provided by this ASRS and relevant ethical requirements, in making informed decisions about the courses of action that are appropriate in the …

Relevant ethical requirements – Principles of professional ethics and ethical requirements that are applicable to the engagement team when undertaking agreed-upon procedures engagements. Relevant ethical requirements ordinarily comprise the provisions of …

Responsible party – The party(ies) responsible for the subject matter on which the agreed-upon procedures are performed. …

The AUASB Glossary [5]  (the Glossary) includes the terms defined in this ASRE as well as descriptions of other terms used in this ASRE, to assist in consistent application and interpretation. For example, the terms “management” and “those charged with …

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

Analytical procedures ―Evaluations of financial information through analysis of plausible relationships among both financial and non‑financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or …

Engagement risk ―The risk that the assurance practitioner expresses an inappropriate conclusion when the financial statements are materially …

General purpose financial statements ―Financial statements prepared in accordance with a general purpose framework. …

General purpose framework ―A financial reporting framework designed to meet the common financial needs of a wide range of users. The financial reporting framework may be a fair presentation framework or a compliance …

Enquiry ―Enquiry consists of seeking information of knowledgeable persons from within or outside the entity. …