DefinitionsDefinitions

Definitions

10. For the purposes of this Auditing Standard, the following terms have the meanings attributed below:

(a) 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].

(b) AUASB Standards means standards issued by the AUASB, comprising:

(i) Australian Auditing Standards (ASAs) – as defined in paragraph 10(c);

(ii) Standards on Review Engagements (ASREs);

(iii) Standards on Assurance Engagements (ASAEs); and

(iv) Standards on Related Services (ASRSs).

(c) Australian Auditing Standards (ASAs) means the suite of auditing standards issued by the AUASB, comprising:

(i) Auditing Standards made under section 336 of the Corporations Act – as defined in paragraph 10(d);

(ii) ASA 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and

(iii) ASA 810 Engagements to Report on Summary Financial Statements.

(d) Auditing Standards means auditing standards made under section 336 of the Corporations Act, and include:

(i) 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;

(ii) ASQM 2 Engagement Quality Reviews;

(iii) ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity; and

(iv) 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.