64 paragraphs found
… using a service auditor’s report on controls, or Australian Auditing Standards, when using a service auditor’s report on …
If there is no direct relationship between the user auditor and the service auditor, communication is conducted through the user entity and service organisation. This is often the case when using a report on controls as there may be multiple user entities …
The user auditor may request the user entity to obtain from the service auditor, or directly engage the service auditor to provide, a report on agreed-upon procedures. Agreed-upon procedures engagements may be appropriate in certain circumstances to …
… the engagement, the service auditor is required under Auditing Standard ASA 210 [48] to determine the …
… Relevant ethical requirements, defined in Auditing Standard ASA 102 , include the fundamental …
Service organisations which provide investment management services may provide the user entity with a single financial statement regarding financial information of the user entity (“Statement”) periodically in accordance with either a general purpose …
See ASA 600 Special Considerations—Audits of a Group Financial report (Including the Work of Component Auditors) and ASA 620 Using the Work of an Auditor’s Expert …
This Guidance Statement has been developed specifically for circumstances where service organisations provide investment management services to user entities, where those services and the controls over them, are part of the user entity’s information …
ASA 402 provides requirements for the user auditor in obtaining an understanding of the user entity and its environment when the user entity uses the services of a service organisation and states that a type 1 or 2 report may be used to obtain that …
If the controls report is prepared by a service auditor practicing in another jurisdiction, the report may not address the minimum control objectives in this Guidance Statement for the investment management services provided. Nevertheless, the report may …