The user auditor can rely on special purpose reports on internal control of a service organization in connection with the evaluation of the client organization.

Question

Quizplus · Accepted Answer

The user auditor can indeed rely on special purpose reports on internal control of a service organization when evaluating the client organization's internal controls. These reports are also known as SOC 1 (Service Organization Control 1) reports, and their purpose is to provide assurance on how a service organization's internal controls impact their customers' financial statements.

The User Auditor Can Rely on Special Purpose Reports on Internal