92 paragraphs found
The user auditor shall modify the opinion in the user auditor’s report in accordance with ASA 705 [5] if the user auditor is unable to obtain sufficient appropriate audit evidence regarding the services provided by the service organisation relevant to the …
The user auditor shall not refer to the work of a service auditor in the user auditor’s report containing an unmodified opinion unless required by law or regulation to do so. If such reference is required by law or regulation, the user auditor’s report …
If reference to the work of a service auditor is relevant to an understanding of a modification to the user auditor’s opinion, the user auditor’s report shall indicate that such reference does not diminish the user auditor’s responsibility for that …
See ASA 705 Modifications to the Opinion in the Independent Auditor’s Report , paragraph 6 . …
Information on the nature of the services provided by a service organisation may be available from a wide variety of sources, such as: User manuals. System overviews. Technical manuals. The contract or service level agreement between the user entity and …
Knowledge obtained through the user auditor’s experience with the service organisation, for example through experience with other audit engagements, may also be helpful in obtaining an understanding of the nature of the services provided by the service …
A user entity may use a service organisation such as one that processes transactions and maintains related accountability, or records transactions and processes related data. Service organisations that provide such services include, for example, bank …
Examples of service organisation services that are relevant to the audit include: Maintenance of the user entity’s accounting records. Management of assets. Initiating, recording or processing transactions as agent of the user …