52 paragraphs found
The objectives of the user auditor, when the user entity uses the services of a service organisation, are: To obtain an understanding of the nature and significance of the services provided by the service organisation and their effect on the user entity’s …
The nature and extent of work to be performed by the user auditor regarding the services provided by a service organisation depend on the nature and significance of those services to the user entity and the relevance of those services to the …
… the user auditor’s responsibility under the Australian Auditing Standards to obtain sufficient appropriate audit …
… and the Conduct of an Audit in Accordance with Australian Auditing Standards , paragraphs 4 and A2-A3 . …
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 …
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 …
If the user auditor plans to use a type 1 or type 2 report as audit evidence to support the user auditor’s understanding about the design and implementation of controls at the service organisation, the user auditor shall: Evaluate whether the description …
The user auditor is required by ASA 330 [10] to design and perform tests of controls to obtain sufficient appropriate audit evidence as to the operating effectiveness of relevant controls in certain circumstances. In the context of a service …
Many entities outsource aspects of their business to organisations that provide services ranging from performing a specific task under the direction of an entity to replacing an entity’s entire business units or functions, such as the tax compliance …
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 …