SSAE-16 Info
SSAE 16 replaces SAS 70
SSAE 16 replaces SAS 70 SAS 70 was the existing auditing standard followed by service organizations. It required service auditors of service organizations to give a description of their design controls. To adopt to the globally accepted changes in accounting principles certain amendments were required to me made in SAS 70. This led to the [...]
Read MoreSOC 1 Audits
SOC 1, SOC 2, SOC 3 Engagements Assess your risk with a SOC 1 Report SOC 1 Reports replaced the SAS 70 reports, effective June 15, 2011. These engagements relate only to audits of controls at a service organization that are relevant to an audit of a customer’s financial statements. These reports can be a [...]
Read MoreThe SSAE 16 Audit Process
After the sale and signed engagement letters this is what to expect during the audit process. Scoping Call Introduction to the audit process and submission of the initial audit survey. The survey is designed as a preliminary readiness assessment. During the scoping call, the auditor will outline general controls or principles to be included in [...]
Read MoreSSAE-16 Audit Readiness Assessment Report
Audit Readiness Assessment Report Identify and Recommend organizational service controls Proactive: one step ahead of your service organization clients’ Determine the scope required for a full SSAE 16 Engagement Identify subservice organizations SSAE 16 Audit, SOC 1 Audit, SOC 2 Audit, SOC 3 Audit Tweet
Read MoreSSAE 16 Auditing Benefits
Effective June 15, 2011 all reports on controls at service organizations must be performed in accordance with SSAE 16 and/or ISAE 3402, as of that date, the current SAS 70 audit reporting standard will no longer be used. (AICPA SAS 70 replacement). SAS 70 Standard was in place from 1992 through June 2011 Statement on [...]
Read MoreSSAE 16 / SOC Frequently Asked Questions
What is a SAS70 Standard? How should a service organization disclose it’s controls? When did the SSAE 16 Standard become effective? What is an SSAE 16 Standard? What does it mean if I currently have a SAS 70 and not an SAE 16? Is there a list of Standards or Control Objectives? Is there a [...]
Read MoreSSAE 16
The SSAE 16 is an auditing standard that addresses report on controls at a service organization. The SSAE 16 is an enhancement to the previous standard for reporting SAS 70 so that it complies with the new international service organization reporting standard – ISAE 3402. Tweet
Read MoreSOC 3 Audits
SOC 3 This is the Gold Standard of SOC audits. The SOC 3 reports give the same level of assurance about controls over security, availability, processing integrity, confidentiality and privacy as a SOC 2 but a SOC 3 report is available for general release, meaning you can use it as a marketing tool to assure [...]
Read MoreSOC 2 Audits
SOC 2 Whereas with SOC 1 audits, management determines the criteria for an audit, A SOC 2 audit has predefined control criteria that were established by Accountants Institute of Certified Public Accountants (AICPA). Having a standard of criteria by which to audit and then applied the same to all service organizations allows two or more service [...]
Read MoreSOC 1 – SOC 2 – SOC 3 – Audit and Readiness Specialist
Why do I need an SSAE 16 or SOC Audit? Perhaps all you require at this time is a Readiness Assessment Report? The controls of the Service Organization must not be the weakest point of the User Organization… Today, a user organization may require an SSAE 16 attestation because one of their clients requires the audit. In [...]
Read MoreSAS 70
Effective June 15, 2011 all reports on controls at service organizations must be performed in accordance with SSAE 16 and/or ISAE 3402, as of that date, the current SAS 70 audit reporting standard will no longer be utilized. SAS 70 Standard was in place from 1992 through June 2011 Statement on Auditing Standards 70 (SAS [...]
Read MoreProposed Changes to SAS 70: The New SSAE 16 Standard
We have the experience to complete a thorough industry recognized audit of your establishment that will meet today’s SAS 70 standard, as well as the forth coming SSAE 16 requirements. Statement on Standards for Attestation Engagements (SSAE) No. 16 Two major differences between SAS 70 and SSAE 16 are: SAS 70 was audit based whereas [...]
Read MorePremier Auditors Fee Structure for SSAE 16 (Type 1, Type 2, Readiness) Audits
Premier Auditors focuses primary on providing a high quality product along with expert personal customer service. We do not focus on being the WalMart of the audit industry. Premier Auditors is aware that managing your costs is always good business and mandatory for financial success and we therefore work with our clients so as to [...]
Read MoreOur SSAE-16 Audit Services
Readiness Report Holding a Readiness Report tells your current and future clients that the preliminary work for a full audit is complete. SOC 1 Report A SOC 1 report reports on the controls at a service organization that would affect user entities (your clients). Similar to a SAS70 report in the reporting of controls, a [...]
Read MoreGSA selects Google Email based on SAS 70 certification
December 1, 2010 – US General Services Administration picks Google for Email over Microsoft Outlook in part because of the dynamics of Cloud Computing, and the emphasis Google has placed on maintaining the highest focus on their controls by performing semi-annual SAS 70 audits. Google has invested heavily in its security in every aspect of [...]
Read MoreGoing ‘Green’ during SAS 70 Audit
Premier Auditors’ electronic audit documentation process physically reduces paper consumption and postal expenses while providing top-notch SAS 70 and SSAE 16 audits. The SAS 70 Premier Audit team is proud to offer our Clients a “Green” system way of doing business. With our state-of-the-art Digital Documentation Management System Clients simply scan their supporting documentation and [...]
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