When the user entity outsources key aspects of its accounting system to an outside service organization, the

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When the user entity outsources key aspects of its accounting system to an outside service organization, the user auditor needs to obtain a SOC 1, Type 2 report to determine:

a. If any management letter comments are warranted.

b. How service organization controls will influence choices about the nature, timing, and extent of substantive audit procedures.

c. If user entity controls can be relied on. d. if service organization controls address cybersecurity risks.

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Auditing A Practical Approach With Data Analytics

ISBN: 9781119785996

2nd Edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Mar 07, 2023 02:59 AM

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When the user entity outsources key aspects of its accounting system to an outside service organization, the

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Auditing A Practical Approach With Data Analytics

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