Client OUTSOURCING! What should auditors do? ASA/ISA402 explained

Remember when ASA/ISA 315 asks auditors to understand the systems of internal controls (SoICs) at clients so that they can determine whether there are any risks of misstatement? ASA/ISA 402 revisits this requirement but where AUDIT CLIENTS engaging in OUTSOURCING for some business functions.

My ultimate audit video study guide is available here
https://amandalovestoaudit.com/learni...

If you have questions about ASA/ISA 402, add them in the comments below.

Find ASA 402 here http://www.auasb.gov.au/Pronouncement...

#StandardsExplained #SignificantRisk #Outsourcing #ISA402 #ASA402 #ILoveAudit #Auditing

Subscribe to watch more auditing videos!
   / amandalovestoaudit  

Catch me on social media!
  / amandalovestoaudit  
  / amandasaudit  
  / amandalovestoaudit  

Mic - Rode SmartLav+
Explain Everything iPad app
LumaFusion iPad app