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ASA 402 - Audit Considerations Relating to an Entity Using a Service Organisation - October 2009
Fraud, Non‑Compliance with Laws and ReguFraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation
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Fraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation
- The user auditor shall enquire of management of the user entity whether the service organisation has reported to the user entity, or whether the user entity is otherwise aware of, any fraud, non‑compliance with laws and regulations or uncorrected misstatements affecting the financial report of the user entity. The user auditor shall evaluate how such matters affect the nature, timing and extent of the user auditor’s further audit procedures, including the effect on the user auditor’s conclusions and user auditor’s report. (Ref: Para. A41)