369 paragraphs found
Controls are put in place by an entity to reduce to an acceptably low level the risks that threaten achievement of the entity’s control objectives. To implement effective controls, the entity needs to: identify or develop control objectives; identify the …
Assurance engagements on controls are structured to suit the particular circumstances of the engagement and the needs of users, for example: Reports for internal use to assess whether the controls designed will achieve identified control objectives prior …
The primary practical difference for the assurance practitioner between an attestation and a direct engagement is the additional work effort for a direct engagement when planning the engagement and understanding the system and other engagement …
In a three party relationship, which is an element of an assurance engagement, [48] the responsible party may or may not be the engaging party, but is responsible for the controls which are the subject matter of the engagement and is a separate party from …
Although, this ASAE does not apply to engagements on controls required to be conducted under ASAE 3402, an engagement may include combined reporting under this ASAE and ASAE 3402. A service organisation may agree by contractual arrangements with user …
In a direct engagement, in order to establish whether the preconditions for an assurance engagement are present as required by ASAE 3000, circumstances may require the assurance practitioner to commence the assurance engagement to obtain information that …
Relevant competence and capabilities to perform the controls engagement, as required by ASAE 3000 [49] by persons who are to perform the engagement, include matters such as the following: Knowledge of the relevant industry, controls framework, type of …
When deciding whether to accept an engagement to report on the design, but not implementation of controls, or design and implementation of controls at a point in time, but not the operating effectiveness of controls over the period, the assurance …