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Wiley Practitioner's Guide to GAAS 2018, 2nd Edition
book

Wiley Practitioner's Guide to GAAS 2018, 2nd Edition

by Joanne M. Flood
April 2018
Beginner to intermediate content levelBeginner to intermediate
880 pages
28h 54m
English
Wiley
Content preview from Wiley Practitioner's Guide to GAAS 2018, 2nd Edition

AT-C 320 Reporting on an Examination of Controls at a Service Organization Relevant to User Entities' Internal Control over Financial Reporting

Original Pronouncement

Source Statement on Standards for Attestation Engagements (SSAE) 18.

Applicability

AT-C 320 applies to examination engagements to report on controls at organizations that provide services to user entities when those controls are likely to be relevant to user entities' internal control over financial reporting. (AT-C 320.01)

For Section 320, CPAs must comply with Section 105 and Section 205 on examination engagements. (AT-C 320.02) See the chapter on the AT-C Preface for more information about the AT-C section structure.

Section 320 does not address engagements to examine or apply agreed-upon procedures to a user entity's transactions or balances maintained by a service organization or agreed-upon procedures engagements related to controls of a service organization.

Definitions of Terms

See the glossary in the Appendix to the chapter on the AT-C Preface for definitions of the following terms relevant to this Section: carve-out method, complementary user entity controls, control objectives, controls at a service organization, inclusive method, internal audit function, management's description of a service organization's system and a service auditor's report on that description and on the suitability of the design of controls (referred to in this section as a type 1 report), management's description of ...

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Publisher Resources

ISBN: 9781119396482Purchase book