Service Organisations

Overview:

Many entities outsource services or functions to service organisations, including outsourcing of the payroll or tax compliance functions. Some of the services provided by service organisations may be integral to the entity’s business operations, but not all services provided are relevant to the audit. It is important for the auditor to understand the services provided by service organisations, the controls that the entity have in place over work performed by service organisations, the relevance thereof to the audit and the work effort required in the specific circumstances.

This training will give participants a practical understanding of the audit requirements applicable to service organisations and related documentation.

Content and outline

To explain the following concepts and demonstrate their practical application:

• Understanding the services provided
• Determining the relevance of the services to the audit
• Understanding internal controls relevant to services provided
• Evaluating availability of evidence within user entity
• Obtaining audit evidence from the service organisation
• Determining the impact on the audit report
• Common errors and solutions.

Certification

Upon completion of the training, participants will receive a verifiable attendance certificate.