ISAE 3402 and Outsourcing



The International Standards for Assurance Engagements, No. 3402, is an internationally recognized auditing standard issued by the International Auditing and Assurance Standards Board (IAASB). A service organization’s auditor’s examination performed in accordance with ISAE No. 3402 (“ISAE 3402 Audit”) is widely accepted, because it represents an in-depth audit of a servic.

ISAE3402 and the financial audit

ISAE 3402 reports are increasingly requested by audit firms to increase the effectiveness of annual audits. The auditor of the financial statements of the user organization should have insight and audit outsourced processes. Processes executed by a service organization for a user organization might have an impact on operational processes which affect the financial statements of the user organization. Each