Growing Use of Service Orgs: User Auditor Responsibilities & Common Deficiencies

Organizations are outsourcing more business processes to third parties (service organizations). The rise of cloud computing has played a key role in the number of businesses that outsource processes to service organizations. These outsourced processes include payroll, information service, IT data processing, billing, general ledger accounting, trust services, health care claims management and processing, and administrative functions, among others. The growth in outsourcing has been fueled by numerous factors, including pressure to improve operational costs, an increasingly virtual workforce, and