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ASA 402 - Audit Considerations Relating to an Entity Using a Service Organisation - October 2009
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Turn the raw legal text into a practical explanation grounded in ASA 402 - Audit Considerations Relating to an Entity Using a Service Organisation - October 2009.
The most recently compiled versions of Auditing Standards, original Standards and amending Standards (see Compilation Details) are available on the AUASB website: www.auasb.gov.au
Contact Details
Auditing and Assurance Standards BoardPhone: (03) 8080 7400E‑mail: enquiries@auasb.gov.auPostal Address:PO Box 204Collins Street WestMelbourne Victoria 8007AUSTRALIA
Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne Victoria 8007 or sent to enquiries@auasb.gov.au. Otherwise, no part of this Auditing Standard may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.
This Auditing Standard reproduces substantial parts of the corresponding International Standard on Auditing issued by the International Auditing and Assurance Standards Board (IAASB) and published by the International Federation of Accountants (IFAC), in the manner described in the statement on Conformity with International Standards on Auditing. The AUASB acknowledges that IFAC is the owner of copyright in the International Standard on Auditing incorporated in this Auditing Standard throughout the world.
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Further information and requests for authorisation to reproduce this Auditing Standard for commercial purposes outside Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne Victoria 8007 or sent to enquiries@auasb.gov.au. Any decision to approve a request may also require the agreement of IFAC.
ISSN 1833‑4393
CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Obtaining an Understanding of the Services Provided by a Service Organisation, Including Internal Control 9-14
Responding to the Assessed Risks of Material Misstatement...........................15-17
Type 1 and Type 2 Reports that Exclude the Services of a Subservice Organisation............18
Fraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation 19
Reporting by the User Auditor................................................20-22
Application and Other Explanatory Material
Obtaining an Understanding of the Services Provided by a Service Organisation, Including Internal Control A1-A23
Responding to the Assessed Risks of Material Misstatement........................A24-A39
Type 1 and Type 2 Reports that Exclude the Services of a Subservice Organisation...........A40
Fraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation A41
Reporting by the User Auditor..............................................A42-A44
COMPILATION DETAILS
Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (as Amended)
This compilation takes into account amendments made up to and including 27 April 2022 and was prepared on 1 March 2023 by the Auditing and Assurance Standards Board (AUASB).
This compilation is not a separate Auditing Standard made by the AUASB. Instead, it is a representation of ASA 402 (October 2009) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 402 [A]
27 October 2009
Financial reporting periods commencing on or after 1 January 2010
ASA 2011‑1 [B]
27 June 2011
Financial reporting periods commencing on or after 1 July 2011
ASA 2013‑2 [C]
11 November 2013
Financial reporting periods commencing on or after 1 January 2014
ASA 2020‑1 [D]
3 March 2020
Financial reporting periods commencing on or after 15 December 2021[*]
ASA 2022-1 [E]
27 April 2022
Financial reporting periods commencing on or after 15 December 2023
Legislation History
Standard
Registration Number
Registration Date
Commencement Date
ASA 402
F2009L04082
12 November 2009
13 November 2009
ASA 2011‑1
F2011L01379
30 June 2011
1 July 2011
ASA 2013-2
F2013L01939
14 November 2013
15 November 2013
ASA 2020-1
F2020L00252
13 March 2020
14 December 2021
ASA 2022-1
F2022L00712
19 May 2022
14 December 2023
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
A19
Amended
ASA 2011-1 [31]
A1
Amended
ASA 2013-2 [77]
1 and Footnote 1
Amended
ASA 2020-1 [109]
3
Amended
ASA 2020-1 [110]
7
Amended
ASA 2020-1 [111]
9Footnote 3
Amended
ASA 2020-1 [112]
10 and Footnote 4
Amended
ASA 2020-1 [113]
10Footnote 5
Addition
ASA 2020-1 [113]
Renumbering of footnotes
Amended
ASA 2020-1 [114]
11
Amended
ASA 2020-1 [115]
12
Amended
ASA 2020-1 [116]
14
Amended
ASA 2020-1 [117]
A14Footnote 9
Amended
ASA 2020-1 [118]
A19
Amended
ASA 2020-1 [119]
A22
Amended
ASA 2020-1 [120]
A29
Amended
ASA 2020-1 [121]
A30
Amended
ASA 2020-1 [122]
A33
Amended
ASA 2020-1 [123]
A34
Amended
ASA 2020-1 [124]
A39
Amended
ASA 2020-1 [125]
A19Footnote 10
Amended
ASA 2022-1 [32]
AUTHORITY STATEMENT
Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (as amended to 27 April 2022) is set out in paragraphs Aus 0.1 to A44.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 402 Audit Considerations Relating to an Entity Using a Service Organization issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.
Compliance with this Auditing Standard enables compliance with ISA 402.