Statement on auditing standards, 070

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA
American Institute of Certified Public Accountants
Reports on the Processing
of Transactions by
Service Organizations
( Supersedes Statement on Auditing Standards No. 44, AICPA, Professional
Standards, vol. 1, AU sec. 324.)
CONTENTS O F STATEMENT
Paragraph
Introduction and Applicability 1- 4
The User Auditor's Consideration of the Effect of the Service
Organization on the Internal Control Structure of the
User Organization and the Availability of Audit Evidence. . 5- 17
The Effect of a Service Organization on a User
Organizations Internal Control Structure 6
Planning the Audit 7- 10
Assessing Control Risk at the User Organization 11- 16
Audit Evidence From Substantive Audit Procedures
Performed by Service Auditors 17
Considerations in Using a Service Auditor's Report 18- 21
Responsibilities of Service Auditors 22- 58
Reports on Policies and Procedures Placed in Operation 25- 40
Reports on Policies and Procedures Placed in Operation
and Tests of Operating Effectiveness 41- 56
Written Representations of the Service Organization's
Management 57
Reporting on Substantive Procedures 58
Effective Date 59
Copyright © 1992 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036- 8775
1 234567890 AudS 998765432
April 1992 70