Service organisations
Article Abstract:
The Auditing Practices Board has released Statement of Auditing Standard (SAS) No 480 to provide standards and guidance to auditors for auditing entities that use services organizations. According to this statement, the role of the auditors is to determine whether or not a reporting entity employs services organizations and to appraise the impact of such use on the procedures for gathering adequate, correct audit evidence that would prove that the financial statements are error-free. The statement discusses audit planning, which involves identifying relevant activities, understanding the contractual terms and reviewing arrangements. It also discusses the standard on the assessment of audit risk and design of audit procedures. SAS No 480 also dwells on accounting records, gathering audit evidence, reporting, and compliance with International Standards on Auditing.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Accountant bishop dies
Article Abstract:
Reverend Jim Thompson, the bishop of Bath and Wells in the United Kingdom, has died at the age of 67. Thompson, a chartered accountant, won the Founding Societies' Award in 1994.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Underwriters under pressure. Accountants in a risky business. Compulsory professional indemnity insurance
- Abstracts: An empirical investigation of strategic investment decision models. Strategic management models and resource-based strategies among MNEs in a host market
- Abstracts: Hilb, Rogal and Hamilton Co. Allstate Corp
- Abstracts: Popularity Poll. Consolidation: the SME dilemma. 2003: tax odyssey continued
- Abstracts: More than a logo. Brand new day. Advocacy moves to the Hill