539 definitions found.
ASA 540
Definition
12(f)
Outcome of an accounting estimate – The actual monetary amount that results from the resolution of the transaction(s), event(s) or condition(s) addressed by an accounting estimate. (Ref: Para. A18 …
ASA 610
Definition
14
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 610
Definition
14(a)
Internal audit function means a function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity’s governance, risk management and internal control processes. …
ASA 610
Definition
14(b)
Direct assistance means the use of internal auditors to perform audit procedures under the direction, supervision and review of the external auditor. …
GS 002
Definition
9
For the purposes of this Guidance Statement, the following items have the meanings attributed below: …
GS 002
Definition
9(a)
Assurance engagement means an engagement in which the RSE auditor aims to obtain sufficient appropriate evidence in order to express a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the …
GS 002
Definition
9(b)
Internal control encompasses the following components: the control environment; the RSE licensee’s risk assessment process; information systems, including the related business processes, relevant to financial and prudential reporting, and communication; …
GS 002
Definition
9(c)
RSE auditor means an independent auditor(s) appointed by the RSE licensee to meet the prudential reporting requirements under SPS 310. Under SPS 310, it is possible for the RSE licensee to have more than one RSE auditor at any time, and for an RSE …
GS 002
Definition
9(d)
APRA Annual Return(s) , means a form used for the collection and reporting of information in relation to the RSE licensee, as required to be provided to APRA by the RSE licensee in accordance with APRA Reporting Standards made under the FSCOD …
GS 002
Definition
9(e)
Limited assurance engagement means an assurance engagement in which the RSE auditor reduces engagement risk to a level that is acceptable in the circumstances of the engagement but where that risk is greater than for a reasonable assurance engagement as …