Outsourcing
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The document discusses the pros and cons of outsourcing as well as factors to consider when outsourcing. It notes that outsourcing can provide cost savings, flexibility, and access to expertise, but may result in less control, conflicts of interest, or being stuck in long-term contracts. When deciding whether to outsource, organizations should consider whether the work involves areas of judgment, specialist expertise is required, activities are core or non-core, and the potential impacts on auditing the outsourced operations.
Outsourcing
- 1. Outsourcing
- 4. Flexible Expertise Specialist Organisation (Service organisation)
- 5. Cost Effective Flexible Expertise Specialist Organisation (Service organisation)
- 6. Pros Cons Specialist Organisation (Service organisation)
- 7. Pros Cons Skill shortage? Specialist Organisation (Service organisation)
- 8. Pros Cons Skill shortage? Specialist Organisation No (Service organisation) Waste
- 9. Pros Cons Quality Skill shortage? Specialist Organisation No (Service organisation) Waste
- 10. Pros Cons Quality Skill shortage? Specialist Organisation No (Service organisation) Waste Risk Transfer
- 11. Pros Cons Quality Skill shortage? Specialist Organisation No (Service organisation) Waste Risk Transfer No Non core
- 12. Pros Cons Quality Skill shortage? Specialist Organisation No (Service organisation) Waste Risk Transfer No Non core
- 13. Pros Cons Quality Skill Stuck in shortage? Specialist Organisation contract No (Service organisation) Waste Risk Transfer No Non core
- 14. Pros Cons Quality Skill Stuck in shortage? Specialist Organisation contract No (Service organisation) Con鍖ict Waste of Interest Risk Transfer No Non core
- 15. Pros Cons Quality Skill Stuck in shortage? Specialist Organisation contract No (Service organisation) Con鍖ict Waste of Interest Risk Transfer Cost? No Non core
- 17. When not to outsource? Areas of judgement
- 18. When not to outsource? Areas of judgement Non specialist areas
- 19. When not to outsource? Areas of judgement Non specialist areas Frequent
- 20. When not to outsource? Areas of judgement Non specialist areas Frequent Where no expertise is required
- 21. Audit Impact
- 22. Audit Impact Visit organisation
- 23. Audit Impact Visit organisation Scope - access denied?
- 24. Audit Impact Visit organisation Scope - access denied? Controls - better or worse?
- 25. ISA 402
- 26. ISA 402 Look at Materiality
- 27. ISA 402 Look at Materiality If signi鍖cant - understand & Access controls
- 28. ISA 402 Look at Materiality If signi鍖cant - understand & Access controls Look at reputation risk
- 29. ISA 402 Look at Materiality If signi鍖cant - understand & Access controls Look at reputation risk Document contract terms
- 30. ISA 402 Look at Materiality If signi鍖cant - understand & Access controls Look at reputation risk Document contract terms Accessibility to records
- 31. ISA 402 Look at Materiality Any performance standards? If signi鍖cant - understand & Access controls Look at reputation risk Document contract terms Accessibility to records
- 32. ISA 402 Look at Materiality Any performance standards? If signi鍖cant - understand & Access Extent of controls - controls errors? Monitored? Look at reputation risk Document contract terms Accessibility to records
- 33. ISA 402 Look at Materiality Any performance standards? If signi鍖cant - understand & Access Extent of controls - controls errors? Monitored? Look at reputation risk Any indemnities in contract? Document contract terms Accessibility to records
- 34. ISA 402 Look at Materiality Any performance standards? If signi鍖cant - understand & Access Extent of controls - controls errors? Monitored? Look at reputation risk Any indemnities in contract? Document contract terms Get suf鍖cient & appropriate evidence Accessibility to records still
Editor's Notes
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