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Sunday, May 3, 2020 | History

1 edition of Audit considerations relating to entities using service organizations found in the catalog.

Audit considerations relating to entities using service organizations

Audit considerations relating to entities using service organizations

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  • 38 Currently reading

Published by International Federation of Accountants in New York, N.Y .
Written in English

    Subjects:
  • Auditing -- Standards.,
  • Electronic data processing consultants.

  • Edition Notes

    Other titlesInternational standard on auditing. 6.
    Statementissued by the International Federation of Accountants.
    ContributionsInternational Federation of Accountants. International Auditing Practices Committee.
    The Physical Object
    Pagination4 p. ;
    ID Numbers
    Open LibraryOL14684526M

    AUTHORITY STATEMENT. Auditing Standard ASA Audit Considerations Relating to an Entity Using a Service Organisation (as amended at 27 June ) is set out in paragraphs 1 to A This Auditing Standard is to be read in conjunction with ASA Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for. AUDIT CONSIDERATIONS RELATING TO ENTITIES USING SERVICE ORGANIZATIONS 4 HKSA 7. If the auditor concludes that the activities of the service organization are significant to the entity and relevant to the audit, the auditor should obtain a sufficient understanding of the entity and its environment, including its internal control, to.

    Title: ISA Audit Considerations Relating to an Entity Using a Third Party Service Organization Keywords: None Created Date: 8/12/ AM. AU-C , Audit Considerations Relating to an Entity Using a Service Organization, applies to a financial statement audit of an entity that uses services of another organization as part of its information system. For this purpose, the user auditor may need to obtain a service auditor's report.

    ISA (UK and Ireland) Audit considerations relating to an entity using a service organization () ISA (UK and Ireland) Audit considerations relating to an entity using a service organization () Or book a demo to see this product in action. Book a demo. Talk to us on live chat. Call an Expert: Books and papers - ownership, disclosure and lien HKSA (Clarified) Audit Considerations Relating to an Entity Using a Service Organization. HKSA Evaluation of Misstatements Identified during the Audit: HKSA Audit Evidence HKSAE Assurance Reports on Controls at a Service Organization.


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Audit considerations relating to entities using service organizations Download PDF EPUB FB2

An Entity Using a Service Organization AU-CSection Audit Considerations Relating to an Entity Using a Service Organization Source:SASNo;SASNo;SASNo Effective for audits of financial statements for periods ending on or afterDecember15, Introduction Scope of File Size: KB.

Audit Considerations Relating to an Entity Using a Service Organization CAS Audit Considerations Relating to an Entity Using a Service Organization CAS Definitions User auditor – An auditor who audits and reports on the financial statements of a user entity Service auditor – An auditor who, at the.

Audit Considerations Relating to an Entity Using a Service Organizations Auditing Help 1. Service organizations may be used by client in two ways: (a) To maintain accounting records, such as computer service organizations.

Audit Considerations Relating to an Entity Using a Service Organizations, 03 Nov, 1. Service organizations may be used by client in two ways: (a) To maintain accounting records, such as computer service organizations. (b) Execution of transactions and maintain related accountability.

A42–A44 International Standard on Auditing (UK) (ISA (UK))Audit Considerations Relating to an Entity Using a Service Organization, should be read in conjunction with ISA (UK) (Revised June ), Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (UK).

To revise ISAAudit Considerations Relating to Entities Using Service IAASB approved ISA (Revised and Redrafted),Audit Considerations Relating to an Entity Using a Service Organization in December The ISA will be published after the Public Interest Oversight Board has confirmed that due process was followed in its development.

Considerations Relating to an Entity Using a Third Party Service Organization” should be read in conjunction with [proposed] ISA (Revised and Redrafted), “Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards.

This PSA, “Audit Considerations Relating to Entities Using Service Organizations,” is based on International Standard on Auditing of the same title issued by the International Auditing Practices Committee of the International Federation of Accountants.

There are no significant differences between this PSA and ISA Audit Considerations Relating to an Entity 3 SA Introduction Scope of this SA 1. This Standard on Auditing (S A) 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. Services provided by a service organization are relevant to the audit of a user entity’s financial statements when those services, and the controls over them, are part of the user entity’s information system, including related business processes, relevant to financial Size: KB.

Audit Considerations Relating to an Entity Using a Service Organization Hong Kong Standard on Auditing HKSA Issued July ; revised JulyMayFebruary Effective for audits of financial statements for periods beginning on or after 15 December AU‐C Audit Considerations Relating to an Entity Using a Service Organization.

Joanne M. Flood. When an entity uses a service organization, part of the processing that the auditor usually finds in the client's internal control is physically and operationally separate from that entity (the user organization). AUDIT CONSIDERATIONS RELATING TO AN ENTITY USING A SERVICE ORGANIZATION ISA (g) Subservice organization – A service organization used by another service organization to perform some of the services provided to user entities that are part of those user entities’ information systems relevant to financial reporting.

Audit Considerations Relating to an Entity Using a Service Organization: Febru Auditing Standards Board American Institute of Certified Public Accountants Audit – Tax – Advisory Avenue of the Americas Grant Thornton LLP New York, NY W Jackson Boulevard, 20th Floor Chicago, IL T F Dear Author: Grant Thornton LLP.

Get this from a library. Audit considerations relating to entities using service organizations. [International Federation of Accountants.

International Auditing Practices Committee.;]. auditors in this section remains in effect until the clarified SAS Audit Considerations Relating to an Entity Using a Service Organization be-comes effective and supersedes the guidance for user auditors in this AU section.

The new clarified SAS is effective for audits of financial statements for periods ending on or after Decem [Revised,File Size: KB. Footnotes (AS - Consideration of an Entity's Use of a Service Organization): 1 In this section, a service organization's controls that may be relevant to a user organization's internal control as it relates to an audit of financial statements will be referred to as a service organization's controls.

2 See AT sectionAgreed-Upon Procedures Engagements, for guidance on performing and. International Standard on Auditing (UK) (ISA (UK))Audit Considerations Relating to an Entity Using a Service Organization, should be read in conjunction with ISA (UK) (Revised June ), Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (UK).File Size: KB.

[Canadian Auditing Standard (CAS)Audit Considerations Relating to an Entity Using a Service Organization, should be read in conjunction with CASOverall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Canadian Auditing Standards.].

Abstract AU‐C Section is intended to help auditors determine what additional information they might need when auditing an entity that uses a service organization.

It also makes it clear that the guidance applies if an entity obtains services from another organization that is part of the entity's. AU-C Audit Considerations Relating to an Entity Using a Service Organization AU-C Original Pronouncements Sources Statements on Auditing Standards (SASs), and AU-C contains guidance only - Selection from Wiley Practitioner's Guide to GAAS2nd Edition [Book].AUDIT CONSIDERATIONS RELATING TO ENTITIES USING SERVICE ORGANIZATIONS Statements of Auditing Standards (SASs) are to be read in the light of SAS "The scope and authority of auditing pronouncements".

In particular, they contain basic principles and essential procedures (auditing.Obtaining an Understanding of the Services Provided by a Service Organisation, Including Internal Control. Auditors have a duty to gain an understanding of the entity which they are auditing together with an understanding of the environment in which the entity operates in .