Final pronouncements are approved by the IAASB and published by IFAC after the Public Interest Oversight Board (PIOB) has confirmed that due process was followed in their development. Final pronouncements that have been published since the date of the most recent Handbook (April 2009) are included below and will remain until a new Handbook is published (expected first quarter 2010).
International Standard on Assurance Engagements (ISAE) 3402, Assurance Reports on Controls at a Service Organization #
ISAE 3402 deals with assurance engagements undertaken by a professional accountant in public practice to provide a report for use by user entities and their auditors on the controls at a service organization that provides a service to user entities that is likely to be relevant to user entities' internal control as it relates to financial reporting. It complements ISA 402, Audit Considerations Relating to an Entity Using a Service Organization, in that reports prepared in accordance with this ISAE are capable of providing appropriate evidence under International Standards on Auditing 402.
Subsequent to the original release of ISAE 3402 in December 2009, a correction of an error was made in paragraph 3 of ISAE 3402. The change is the addition of the word "only" in paragraph 3(a) and the deletion of the word "only" in paragraph 3(b). The PDF which can be downloaded below reflects this change.