Document ID: chunk:federal_register_of_legislation:F2023C01156:reg:14:p1
Version: federal_register_of_legislation:F2023C01156
Segment Type: reg
Provision Reference: reg 14 (pt 1/22)
Character Range: 6981–10219

14                        Amended       ASA 2020-1 [117]
A14                       Amended       ASA 2020-1 [118]
Footnote 9
A19                       Amended       ASA 2020-1 [119]
A22                       Amended       ASA 2020-1 [120]
A29                       Amended       ASA 2020-1 [121]
A30                       Amended       ASA 2020-1 [122]
A33                       Amended       ASA 2020-1 [123]
A34                       Amended       ASA 2020-1 [124]
A39                       Amended       ASA 2020-1 [125]
A19                       Amended       ASA 2022-1 [32]

Footnote 10

AUTHORITY STATEMENT

 Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (as amended to 27 April 2022) is set out in paragraphs Aus 0.1 to A44.

 This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied.  This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.

Conformity with International Standards on Auditing

This Auditing Standard conforms with International Standard on Auditing ISA 402 Audit Considerations Relating to an Entity Using a Service Organization issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).

Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix "Aus".

Compliance with this Auditing Standard enables compliance with ISA 402.

Auditing Standard ASA 402

The Auditing and Assurance Standards Board (AUASB) made Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, on 27 October 2009.

This compiled version of ASA 402 incorporates subsequent amendments contained in other Auditing Standards made by the AUASB up to and including 27 April 2022 (see Compilation Details).

Auditing Standard ASA 402

Audit Considerations Relating to an Entity Using a Service Organisation

Application

Aus 0.1 This Auditing Standard applies to:

(a) an audit of a financial report for a financial year, or an audit of a financial report for a half‑year, in accordance with the Corporations Act 2001; and

(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.

Aus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.

Operative Date

Aus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.  [Note: For operative dates of paragraphs changed or added by an Amending Standard, see Compilation Details.]

Introduction

Scope of this Auditing Standard

      1. This Auditing Standard deals with the user auditor's responsibility to obtain sufficient appropriate