Course Description

Auditors increasingly face challenges when clients rely on third-party service organizations to process transactions, host systems, or manage key aspects of their operations. From payroll and payment processing to e-commerce platforms and inventory services, these arrangements can have a direct impact on financial reporting and audit risk. This course provides auditors with a practical, hands-on understanding of CAS 402 and how it fits into the audit process. Participants will learn how to identify when a service organization is relevant to the audit, understand how the client uses the service organization, and determine what audit evidence is required.

About this course

  • $136.00
  • 1.5 CPD hours
  • January 28, 2026 - 1 PM ET
By the end of this session, participants will be able to:
  • Explain purpose and scope of CAS 402
  • Identify when CAS 402 is applicable in an audit engagement
  • Understand types of service organization reports (Type 1 vs. Type 2)
  • Evaluate relevance and sufficiency of audit evidence
  • Assess the impact of service organizations on risk assessment
  • Determine appropriate risk responses
  • Apply practical steps to document auditor’s considerations

Instructor(s)

Kirsten Albo

FCPA, FCA, ICD.D, President of ASK KSA Consulting Inc.

Kirsten has over 30 years of experience in public practice and uses her knowledge and expertise to provide practical solutions to help firms meet the requirements of being in public practice.

Kirsten gained her experience in public practice as an assurance partner at PricewaterhouseCoopers LLP. She was the partner on many public and private companies operating in a variety of industries. Her clients included Air Canada, Northwest Company and Winpak. Kirsten has a strong technical background and the ability to deal with complex matters. It is this experience she now brings to her clients.

She has in-depth technical knowledge as she has faced extensive assurance and accounting issues. There are very few issues she has not encountered. And, having been subject to many internal and external file inspections she knows the challenges SMPs can encounter and appreciates where they can save time without sacrificing quality. When resolving issues, Kirsten is known for her practical approach and ability to provide useful advice. She is a good sounding board and helps practitioners address risk and make practical business decisions.