The Australian Accounting Standards Board
(AUASB) has issued a standard that provides the requirements for
service auditors’ reports on controls, which may be used as audit
evidence by user auditors.
Standard on Assurance Engagements 3402
Assurance Reports on Controls at a Service Organisation (ASAE 3402)
complements Auditing Standard ASA 402 Audit Considerations Relating
to an Entity Using a Service Organisation.
ASAE 3402 is written in Clarity format and is
based on the International Standard on Assurance Engagements 3402
Assurance Reports on Controls at a Service Organisation.
ASAE 3402 must be followed by service auditors
for periods beginning 1 July 2010.
The AUASB said the revision will not impact
service auditors significantly.