Overall control objectives―Explicit or implicit assertions by the responsible party with respect to the subject matter, that in an assurance engagement on controls, represent the broad objectives or purpose of the controls, in the context of the control …

Population―The entire set of instances of a particular control from which a sample is selected and about which the assurance practitioner wishes to draw …

Pervasive―The effect or possible effect on the system of controls of, identified or undetected, deficiencies in the design of controls, misstatements in the description, deficiencies in implementation as designed or deviations in operating effectiveness …

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 responsible for the underlying subject matter, being the design, description, implementation or operating effectiveness of controls in an assurance engagement on …

Sampling―The application of assurance procedures to less than 100% of items within a population of relevance to the engagement such that all sampling units have a chance of selection in order to provide the assurance practitioner with a reasonable basis …

Determining the document(s) that is or comprises the annual report is often clear based on law, regulation or custom.  In many cases, management or those charged with governance may have customarily issued a package of documents that together comprise the …

The auditor is required by ASA 200 [9]  to plan and perform the audit with professional scepticism.  Maintaining professional scepticism when reading and considering the other information includes, for example, recognising that management may be overly …

Other information may include amounts or other items that are intended to be the same as, to summarise, or to provide greater detail about, the amounts or other items in the financial report.  Examples of such amounts or other items may include:  Tables, …