Special purpose financial report means a complete set of financial statements [*] , including an assertion statement [#] by those responsible for the financial report, prepared in accordance with a special purpose framework. …

Reference to “ financial statements ” in this Auditing Standard means “a complete set of special purpose financial statements”.  The requirements of the applicable financial reporting framework determine the presentation, structure, and content of the …

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

Deficiency in internal control means: A control is designed, implemented or operated in such a way that it is unable to prevent, or detect and correct, misstatements in the financial report on a timely basis; or A control necessary to prevent, or detect …

Significant deficiency in internal control means a deficiency or combination of deficiencies in internal control that, in the auditor’s professional judgement, is of sufficient importance to merit the attention of those charged with governance.  …

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

Substantive procedure means an audit procedure designed to detect material misstatements at the assertion level.  Substantive procedures comprise: Tests of details (of classes of transactions, account balances, and disclosures); and Substantive analytical …

Test of controls means an audit procedure designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion …

For the purposes of this Auditing Standard, the following term has the meaning attributed below:  Preconditions for an audit means the use by management of an acceptable financial reporting framework in the preparation of the financial report and the …

For the purposes of this Auditing Standard, references to “management” should be read hereafter as “management and, where appropriate, those charged with …