499 definitions found.
ASAE 3000
Definition
12(w)
Risk of material misstatement ―The risk that the subject matter information is materially misstated prior to the engagement. …
ASAE 3000
Definition
12(x)
Subject matter information ―The outcome of the measurement or evaluation of the underlying subject matter against the criteria, i.e., the information that results from applying the criteria to the underlying subject matter. (Ref: Para. A19 …
ASAE 3000
Definition
12(y)
Underlying subject matter ―The phenomenon that is measured or evaluated by applying criteria. …
ASAE 3000
Definition
13
For the purposes of this ASAE and other ASAEs, references to “appropriate party(ies)” should be read hereafter as “the responsible party, the measurer or evaluator, or the engaging party, as appropriate.” (Ref: Para. A20 , A37 …
ASAE 3000
Definition
12(c)
Criteria ―The benchmarks used to measure or evaluate the underlying subject matter. The “applicable criteria” are the criteria used for the particular engagement. (Ref: Para. A10 …
ASAE 3000
Definition
12(d)
Engagement circumstances ―The broad context defining the particular engagement, which includes: the terms of the engagement; whether it is a reasonable assurance engagement or a limited assurance engagement, the characteristics of the underlying subject …
ASAE 3000
Definition
12(f)
Engagement risk ―The risk that the assurance practitioner expresses an inappropriate conclusion when the subject matter information is materially misstated. (Ref: Para. A11–A14 …
ASAE 3000
Definition
12(g)
Engaging party ―The party(ies) that engages the assurance practitioner to perform the assurance engagement. (Ref: Para. A15 ) …
ASAE 3000
Definition
12(h)
Engagement team ―All assurance practitioners and staff performing the engagement, and any individuals engaged by the firm or a network firm who perform procedures on the engagement. This excludes an assurance practitioner’s external expert engaged by the …