64 paragraphs found
The following table, entitled Table 1: Service Auditor’s Reports , outlines the context in which each of these reports is prepared and used as audit evidence. Table 1 lists the reports included in this Guidance Statement, the subject matter covered by …
When the service organisation has used a subservice organisation in providing investment management services to the user entity and those services are excluded from the type 1 or 2 report, ASA 402 requires, if those services are relevant to the audit of …
However, threats to independence may arise with respect to user entities where there are only one or few user entities for the services subject to audit. Threats to independence may also arise with respect to subservice organisations where the controls of …
See ASAE 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information , on assessing the suitability of …
… on a Statement the service auditor applies the Australian Auditing Standards and reports on the engagement under ASA …
See ASA 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement …
In the course of performing procedures for an audit engagement at a service organisation on financial information of the user entity, the service auditor is required to communicate any of the following matters identified to those charged with governance …
A service auditor’s report on a Statement, as defined in paragraph 7(b)(ii) of this Guidance Statement, may be the most effective way to obtain sufficient appropriate audit evidence for all assertions regarding the user entity’s balances or transactions …
It is for management, or, where appropriate, those charged with governance, of the service organisation to decide whether to prepare a report on controls and whether to have this report audited by a service auditor. In certain circumstances, the service …
ASA 800 Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks is also applicable if the financial information is a financial report or complete set of financial statements prepared in accordance with a …