SCHEDULE 1 – DEFINITIONS
| Additional Permit | Means a FI Audit Permit or a Public Audit Permit |
| Additional Permit Criteria | Means the criteria defined in Rule 015.1 |
| ADGM Courts | Has the meaning given to that term in the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015 |
| Annual Auditor Return | Is defined in Rule 0 28 |
| Auditor Applicant | Means an applicant for registration as a Registered Auditor |
| Audit Principal | Means an individual appointed by a Registered Auditor who is responsible for:
(a) managing the conduct or provision of any Audit Service undertaken by the Registered Auditor; or
(b) signing on behalf of the Registered Auditor audit reports, or any other reports as may be required under the Companies Regulations these Rules or any other law or regulation applicable to any Audit Service provided by such Registered Auditor
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| Audit Principal Applicant | Means an applicant for registration as an Audit Principal |
| Audit Service | Means
(a) an audit of
(i) any company, firm or other entity carrying on any businesses or activities in the Abu Dhabi Global Market;
(ii) whether a Financial Institution or a public interest entity has complied with applicable requirements in ADGM laws relating to such bodies; or
(b) the preparation of an opinion or report relating to an audit referred to in (a)(i) or (ii) above or,
(c) the carrying out of any other work in respect of or for the purposes of, such audit or preparing such opinion or report,
but does not include the performance of any internal audit function by or for a person referred to in (i) or (ii)
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| Code of Ethics | The code of ethics for accountants as issued and amended from time to time by the IESBA |
| Commencement Date | Is defined in 1(2) |
| Decision Notice | Is defined in Rule 42 |
| Decision Notice Recipient | Is defined in Rule 42 |
| Employee | Means an individual:
(a) who is employed or appointed by a Firm in connection with that Firm's business, whether under a contract of service or for services or otherwise; or
(b) whose services, under an arrangement between that Firm and a third party, are placed at the disposal and under the control of that Firm
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| Financial Institution or FI | Has the meaning given to the term "Financial Institution" in Section 1028 |
| FI Audit Permit | Means a Permit granted to a Registered Auditor or Registered Audit Principal under Rule 13(2) |
| Firm | Includes any body corporate or body unincorporated, including a legal person, company, partnership, unincorporated association, government or state |
| Fit and proper | Includes, without limitation, having the ability and intention to comply with, or as the case may be, demonstrating consistent compliance with, the principles set out in Rules 17 (in the case of a Registered Auditor or Auditor Applicant and a Registered Audit Principal or Audit Principal Applicant) and in, the case of a Registered Auditor or Auditor Applicant, also those principles set out in Rule 18 |
| Group | Means a group of entities which includes an entity (the 'first entity') and:
(a) any parent undertaking (as defined in the Companies Regulations) of the first entity;
(b) any subsidiary (as defined in the Companies Regulations) of the first entity;
(c) any subsidiary of any parent undertaking (as defined in the Companies Regulations) of the first entity
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| IAASB | The International Auditing and Assurance Standards Board of IFAC |
| IESBA | The International Ethics Standards Board for Accountants of IFAC |
| IFAC | The International Federation of Accountants |
| International Standards on Auditing | The international standards on auditing as issued and amended from time to time by the IAASB |
| International Standards on Quality Control | The international standards on quality control as issued and amended from time to time by the IAASB |
| Permit Applicant | Means an Auditor Applicant, Registered Auditor, Audit Principal Applicant, or Registered Audit Principal (as applicable) who is applying for an Additional Permit |
| Principles for Registered Auditors | Means those principles defined in Rules 17 and Rule 18 |
| Public Audit Permit | Means a Permit granted to a Registered Auditor or Registered Audit Principal under Rule 0 12 |
| Recipient | Is defined in Rule 41(2) |
| Recognised Professional Body | A full member of IFAC |
| Recognised Professional Qualification | A qualification conferred by a Recognised Professional Body |
| Register | Means either or both of the register of Registered Auditors and the register of Registered Audit Principals required to be kept by the Registrar pursuant to Rule 4 |
| Registered and registration | Means being entered on the Register by the Registrar in accordance with these Rules and "registration" is construed accordingly |
| Registered Auditor | Means a firm registered with the Registrar under Rule 6 |
| Registered Auditor Criteria | Is defined in Rule 7 |
| Registered Audit Principal | Means a Registered Audit Principal registered with the Registrar under Rule 9 |
| Registered Audit Principal Criteria | Means those criteria defined in Rule 10 |
| Registered Audit Principal Principles | Means those principles defined in Rule 17 |
| Relevant Auditor Applicant or relevant Registered Auditor | Means, in relation to an Audit Principal Applicant or Registered Audit Principal, the Auditor Applicant or Registered Auditor which has appointed such Audit Principal Applicant or Registered Audit Principal to act as a Registered Audit Principal |
| Relevant Entity | Is defined in Rule 33 |
| Relevant requirement | Is defined in Rule 33(6) |
| Warning Notice | Is defined in Rule 41 |
| Working Papers | Means all material (whether in the form of data stored on paper, film electronic media, or other media or otherwise) prepared by or for, or obtained by a Registered Auditor in connection with, the performance of the audit concerned and includes:
(a) the record of audit procedures performed;
(b) relevant audit evidence obtained; and
(c) conclusions reached
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