31386 paragraphs found
This Auditing Standard does not apply to services provided by financial institutions that are limited to processing, for an entity’s account held at the financial institution, transactions that are specifically authorised by the entity, such as the …
An auditor appointed to provide an opinion on an entity’s financial report may also have additional statutory or regulatory responsibilities, which may be affected by the entity’s use of a service organisation. For example, sections 307(c) and 307(d) of …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment . …
When obtaining an understanding of the user entity in accordance with ASA 315, [3] the user auditor shall obtain an understanding of how a user entity uses the services of a service organisation in the user entity’s operations, including: …
When obtaining an understanding of internal control relevant to the audit in accordance with ASA 315, [4] the user auditor shall evaluate the design and implementation of relevant controls at the user entity that relate to the services provided by the …
The user auditor shall determine whether a sufficient understanding of the nature and significance of the services provided by the service organisation and their effect on the user entity’s internal control relevant to the audit has been obtained to …
If the user auditor is unable to obtain a sufficient understanding from the user entity, the user auditor shall obtain that understanding from one or more of the following procedures: Obtaining a type 1 or type 2 report, if available; Contacting the …
Using a Type 1 or Type 2 Report to Support the User Auditor’s Understanding of the Service Organisation …