64 paragraphs found
… contained in ASAE 3402 , when reporting on controls, and Auditing Standard ASA 805, [2] when reporting on financial …
… 402 , [36] when using a type 1 or 2 report on controls, and Auditing Standards ASA 600 and ASA 620, [37] when using a …
The service organisation typically prepares a description of its system to meet the needs of all user entities of a particular investment management service or services. A type 1 or 2 report on the controls at a service organisation covers investment …
The service auditor complies with the requirements of ASAE 3402 when conducting an assurance engagement to report on controls at the service organisation when: [46] obtaining evidence regarding the description, design and operating effectiveness of …
… basis for determining performance materiality for auditing specified assertions or a Statement, where …
When the user auditor’s risk assessment includes an expectation that controls at the service organisation are operating effectively, ASA 402 requires the user auditor to obtain evidence about the operating effectiveness of those controls, which may be …
ASA 402 requires the user auditor to obtain an understanding of the nature of the relationship between the user entity and the service organisation, including the relevant contractual terms for the activities undertaken by the service organisation. The …
The service auditor also complies with ASA 210 in agreeing the terms of engagement. In addition to the matters specified in ASA 210, the engagement letter or other written agreement between the service auditor and the engaging party may include: The …
Service auditor’s reports on specified assertions or on a Statement, need to comply with the requirements in ASA 805 and as such include the basic elements of an auditor’s report as set out in that standard. In addition to these elements, the service …
When assessing the sufficiency and appropriateness of the evidence provided by a type 2 report, ASA 402 [22] requires the user auditor to evaluate the adequacy of the time period covered and the time elapsed since performance of the tests of controls. …