OP what brand/model PSU is it? And there should be 2-3 big IC's that are the controller IC's, 1 of the most common is the CM6800, which runs the PFC and foward converter on the primary side (small/old/cheap PSU's might not have PFC)
The general layout is there's a mini-SMPS that runs off the rectified mains AC, it creates the Aux voltage on the primary side, around 12V. And on the secondary side, that also creates the 5V stby voltage. When the PSU is plugged in and on, both the Aux and Stby V should always be there.
Then if it gets the turn-on from the computer, the PFC would start up, and pump the main capactior's voltage up to about 2x rectified line voltage ~340V (in 120V countries anyways). Then the forward converter makes the secondary voltages.
Then a big chip on the secondary side looks at secondary voltages and decides if they are too high/low, and if any other warnings like from a temp sensor circuit, are ok, and it tells the main chip on the primary side what to do, through opto-couplers.
Ok it's a Thermaltake TR2-600W, and u found a bad mosfet, was it the PFC/boost converter or the forward converter ?
I'm working on a TR-750W, it's synchronous rectifier, was on an undersized heatsink, and it burned out big time. I got replacements mosfets, but I need to $$$ up and get the proper driver transistors, they worked but I don't trust them after that or me cooking them with the soldering iron