DefinitionsDefinitions

Definitions

1. For the purposes of this Auditing Standard, the following terms have the meanings attributed below:
   1. Assurance practitioner means an individual, firm[8], or other organisation, whether in public practice, industry and commerce, or the public sector, conducting assurance engagements or related services engagements[9].
   2. AUASB Standards means standards issued by the AUASB, comprising:
      1. Australian Auditing Standards (ASAs) – as defined in paragraph 10(c);
      2. Australian Standards on Review Engagements (ASREs);
      3. Australian Standards on Assurance Engagements (ASAEs);
      4. Australian Standards on Sustainability Assurance (ASSAs).
      5. Australian Standards on Related Services (ASRSs); and
      6. Australian Standards on Quality Management (ASQMs)
   3. Australian Auditing Standards (ASAs) means the suite of auditing standards issued by the AUASB, comprising:
      1. Auditing Standards made under section 336 of the Act;
      2. ASA 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and
      3. ASA 810 Engagements to Report on Summary Financial Statements.
   4. In addition to the ASAs, AUASB Standards made under section 336 of the Act, include:
      1. ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements;
      2. ASQM 2 Engagement Quality Reviews;
      3. ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity;
      4. ASRE 2415 Review of a Financial Report: Company Limited by Guarantee or an Entity Reporting under the ACNC Act or Other Applicable Legislation or Regulation;
      5. ASSA 5000 General Requirements for Sustainability Assurance Engagements; and
      6. ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001.