The activities of the user entity and the service organization have a high degree of...

60.1K

Verified Solution

Question

Accounting

image
The activities of the user entity and the service organization have a high degree of interaction. The user auditor O Should obtain absolute assurance that the service organization's internal control will prevent or detect fraud or error. Need not test the service organization's internal control if the user entity has effective controls related to service organization processing. O Should not consider weaknesses in the service organization's internal control to be weaknesses in the user entity's system. o is not required to evaluate the service organization's controls

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students