AS#5 requires auditors whose public clients use service providers considered significant:
A) obtain a SAS 70 Type I report.
B) obtain a SAS 70 report.
C) obtain a SAS 70 Type II report.
D) Any of the above considering the circumstances.

Question

Quizplus · Accepted Answer

AS#5 allows auditors to use different types of SAS 70 reports (now superseded by SSAE 16 and later by SSAE 18) depending on the circumstances, including both Type I and Type II reports, to understand and evaluate the controls at a service organization that impacts a client's financial reporting.

AS#5 Requires Auditors Whose Public Clients Use Service Providers Considered