92 paragraphs found
This Auditing Standard deals with the user auditor’s responsibility to obtain sufficient appropriate audit evidence when a user entity uses the services of one or more service organisations. Specifically, it expands on how the user auditor applies …
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 …
Services provided by a service organisation are relevant to the audit of a user entity’s financial report when those services, and the controls over them, are part of the user entity’s information system, including related business processes, relevant to …
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 …
This Auditing Standard does not apply to services provided by financial institutions that are limited to processing, for an entity’s account held at the financial institution, transactions that are specifically authorised by the entity, such as the …
An auditor appointed to provide an opinion on an entity’s financial report may also have additional statutory or regulatory responsibilities, which may be affected by the entity’s use of a service organisation. For example, sections 307(c) and 307(d) of …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment . …
When obtaining an understanding of the user entity in accordance with ASA 315, [3] the user auditor shall obtain an understanding of how a user entity uses the services of a service organisation in the user entity’s operations, including: …