Reports on the processing of transactions by service organizations

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
April 1992
70
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.)
C O N T E N T S O F S T A T E M E N T
Paragraph
Introduction and Applicability..................................................... 1-4
The User Auditors 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 o f Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N.Y. 10036- 8775
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