Various companies use service organizations for specific services, for example payroll services. As these user entities would

Question:

Various companies use service organizations for specific services, for example payroll services. As these user entities would like to rely on controls of services organizations, the IAASB came with a standard to audit the controls at a service organization that is likely to be relevant to user entities’ internal control as it relates to financial reporting. According to ISAE 3402 two types of reports are applicable related to control reporting of service organizations. Briefly describe the types of reports.    

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: