Service organizations and reporting on consistency; Statement on auditing standards, 088

Authors

American Institute of Certified Public Accountants. Auditing Standards Executive Committee

Files

Description

This amendment clarifies the applicability of Statement on Auditing Standards (SAS) No. 70, Reports on the Processing of Transactions by Service Organizations (AICPA, Professional Standards, vol. 1, AU sec. 324), by replacing existing language with the language and concepts in SAS No. 55, Consideration of Internal Control in a Financial Statement Audit (AICPA, Professional Standards, vol. 1, AU sec. 319), as amended by SAS No. 78, Consideration of Internal Control in a Financial Statement Audit: An Amendment to Statement on Auditing Standards No. 55 (AICPA, Professional Standards, vol. 1, AU sec. 319), to state that the SAS is applicable if an entity obtains services from another organization that are part of the entity's information system. It provides guidance to help auditors determine whether services are part of the information system. It also revises and clarifies the factors a user auditor should consider in determining the significance of a service organization's controls to a user organization's controls. In addition, it clarifies the guidance on determining whether information about a service organizations controls is necessary to plan the audit, and that information about a service organization's controls may be obtained from a variety of sources. New language is shown in boldface italics; deleted language is shown by strikethrough.

Publication Date

1999

Relational Format

pamphlet

Publisher

American Institute of Certified Public Accountants

Keywords

Auditing -- Standards -- United States; Service industries -- United States -- Auditing

Disciplines

Accounting | Taxation

Comments

Copyright and permission to reprint held by: American Institute of Certified Public Accountants

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Service organizations and reporting on consistency; Statement on auditing standards, 088" (1999). Statements on Auditing Standards. 108.
https://egrove.olemiss.edu/aicpa_sas/108