Entity’s Use of a Service Organization

Master the requirements for auditing entities that rely on service organizations with this CPE-eligible (1.0 CPE) service organization audit training course. Service organizations play a critical role in outsourcing key tasks or entire business functions for entities. What does this mean for auditors? This eLearning course provides a comprehensive overview of what qualifies as a service organization and the types of reports issued. It also investigates the external auditor’s responsibilities when evaluating their client’s use of a service organization.

The course delves into the guidance provided by AU-C 402: Audit Considerations Relating to an Entity's Using a Service Organization (U.S. GAAS) and AS 2601: Consideration of an Entity's Use of a Service Organization (PCAOB). These standards guide auditors in assessing risks and obtaining sufficient audit evidence when a service organization handles processes critical to an entity’s financial reporting.

Key topics include:

• Defining what constitutes a service organization and understanding its scope.
• The types of Service Organization Control (SOC) reports and how they are used in audits.
• External auditor responsibilities under AU-C 402 and AS 2601 for assessing risks and relying on service organization controls.

This service organization audit training course is ideal for auditors, accounting professionals, and anyone involved in auditing or working with entities that rely on service organizations for financial reporting processes. Build the expertise needed to navigate the complexities of auditing in these scenarios with confidence.

Interested in group discounts? Contact us to learn more. 

 By the end of this course, you should be able to: 

• Recognize characteristics of service organizations and the reports issued by service auditors
• Recall the auditor’s requirements when auditing an entity that uses the services of a service organization