SER ORG OUTS_ AA_Chapter_44

SER ORG OUTS_ - Chapter 44 Service Organizations and Outsourcing Peter T Y Lau and Nelson C Y Lam Pilot Publishing Co Ltd 2009 Auditing and

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1 Chapter 44 Service Organizations and Outsourcing
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2 Agenda 1. Introduction 2. Auditor’s Objectives 3. Understanding the Services Provided by a Service 4. Responding to the Assessed Risks of Material Mis 5. Fraud, Non-compliance and Uncorrected Misstate 6. Reporting by the User Auditor
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 3 1. Introduction Many entities outsource certain aspects of their business operation to services organizations User auditor An auditor who audits and reports on the financial statements of a user entity User entity – An entity that uses a service organization and whose financial statements are being audited
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 4 2. Auditor’s Objectives To obtain an understanding of the nature and significance of the services provided by the service organization; their effect on the user entity’s internal control; and design and perform further audit procedures responsive to those risks.
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© Peter T. Y. Lau and Nelson C. Y. Lam
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This note was uploaded on 12/21/2010 for the course ACCT 410 taught by Professor Sallyli during the Fall '10 term at Hong Kong Shue Yan.

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SER ORG OUTS_ - Chapter 44 Service Organizations and Outsourcing Peter T Y Lau and Nelson C Y Lam Pilot Publishing Co Ltd 2009 Auditing and

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