Document ID: chunk:federal_register_of_legislation:F2023C01156:front:0:p2
Version: federal_register_of_legislation:F2023C01156
Segment Type: other
Provision Reference: 
Character Range: 2992–6502

STANDARDS ON AUDITING

Paragraphs

Application......................................................Aus 0.1-Aus 0.2

Operative Date............................................................Aus 0.3

Introduction

Scope of this Auditing Standard............................................1-Aus 5.1

Effective Date...............................................................6

Objectives..................................................................7

Definitions.................................................................8

Requirements

Obtaining an Understanding of the Services Provided by a Service Organisation, Including Internal Control              9-14

Responding to the Assessed Risks of Material Misstatement...........................15-17

Type 1 and Type 2 Reports that Exclude the Services of a Subservice Organisation............18

Fraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation              19

Reporting by the User Auditor................................................20-22

Application and Other Explanatory Material

Obtaining an Understanding of the Services Provided by a Service Organisation, Including Internal Control              A1-A23

Responding to the Assessed Risks of Material Misstatement........................A24-A39

Type 1 and Type 2 Reports that Exclude the Services of a Subservice Organisation...........A40

Fraud, Non‑Compliance with Laws and Regulations and Uncorrected Misstatements in Relation to Activities at the Service Organisation              A41

Reporting by the User Auditor..............................................A42-A44

COMPILATION DETAILS

Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (as Amended)

This compilation takes into account amendments made up to and including 27 April 2022 and was prepared on 1 March 2023 by the Auditing and Assurance Standards Board (AUASB).

This compilation is not a separate Auditing Standard made by the AUASB.  Instead, it is a representation of ASA 402 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard               Date made         Operative Date
ASA 402 [A]            27 October 2009   Financial reporting periods commencing on or after 1 January 2010
ASA 2011‑1 [B]         27 June 2011      Financial reporting periods commencing on or after 1 July 2011
ASA 2013‑2 [C]         11 November 2013  Financial reporting periods commencing on or after 1 January 2014
ASA 2020‑1 [D]         3 March 2020      Financial reporting periods commencing on or after 15 December 2021[*]
ASA 2022-1        [E]  27 April 2022     Financial reporting periods commencing on or after 15 December 2023

Legislation History

Standard    Registration Number  Registration Date  Commencement Date

ASA 402     F2009L04082          12 November 2009   13 November 2009

ASA 2011‑1  F2011L01379          30 June 2011       1 July 2011

ASA 2013-2  F2013L01939          14 November 2013   15 November 2013

ASA 2020-1  F2020L00252          13 March 2020      14 December 2021

ASA 2022-1  F2022L00712          19 May 2022        14 December 2023

Table of Amendments
Paragraph affected        How affected  By … [paragraph]
A19                       Amended       ASA 2011-1 [31]
A1                        Amended       ASA 2013-2 [77]
1 and Footnote 1          Amended       ASA 2020-1 [109]