Professional judgement ―The application of relevant training, knowledge and experience, within the context provided by assurance and ethical standards, in making informed decisions about the courses of action that are appropriate in the circumstances of …

Professional scepticism ―An attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement or non‑compliance, and a critical assessment of …

Reasonable assurance engagement ―An assurance engagement in which the assurance practitioner reduces engagement risk to an acceptably low level in the circumstances of the engagement as the basis for the assurance practitioner’s conclusion.  The assurance …

Representation ―Statement by the responsible party, either oral or written, provided to the assurance practitioner to confirm certain matters or to support other evidence.  A representation is additional to but may be provided in combination with the …

Responsible party ―The party(ies) responsible for the underlying subject matter, being the compliance activity(ies) in a compliance …

Short‑form report ―Assurance report including only the matters required under paragraph  56 of this ASAE. …

Statement ―The outcome in writing of the responsible party or evaluator’s evaluation of compliance with  the compliance requirements, provided to the assurance practitioner in an attestation engagement.  A Statement is the subject matter information in an …

Those charged with governance – The person(s) or organisation(s) (e.g., a corporate trustee) with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability of the entity.  This includes overseeing …

Management – The person(s) with executive responsibility for the conduct of the entity’s operations.  For some entities in some jurisdictions, management includes some or all of those charged with governance, for example, executive members of a governance …

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 …