343 definitions found.
ASA 505
Definition
6
For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below: …
ASA 505
Definition
6(a)
External confirmation means audit evidence obtained as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other …
ASA 505
Definition
6(b)
Positive confirmation request means a request that the confirming party respond directly to the auditor indicating whether the confirming party agrees or disagrees with the information in the request, or providing the requested …
ASA 505
Definition
6(c)
Negative confirmation request means a request that the confirming party respond directly to the auditor only if the confirming party disagrees with the information provided in the …
ASA 505
Definition
6(d)
Non-response means a failure of the confirming party to respond, or fully respond, to a positive confirmation request, or a confirmation request returned …
ASA 505
Definition
6(e)
Exception means a response that indicates a difference between information requested to be confirmed, or contained in the entity’s records, and information provided by the confirming …
ASA 520
Definition
4
For purposes of the Australian Auditing Standards, the term “ analytical procedures ” means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. Analytical procedures also encompass …
ASA 550
Definition
10
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
ASA 550
Definition
10(a)
Arm’s length transaction means a transaction conducted on such terms and conditions as between a willing buyer and a willing seller who are unrelated and are acting independently of each other and pursuing their own best interests. …
ASA 550
Definition
10(b)
Related party means a party that is either: (Ref: Para. A4‑A7 ) A related party as defined in the applicable financial reporting framework * ; or Where the applicable financial reporting framework establishes minimal or no related party requirements: …