SSAE16

You can purchase the official SSAE 16 audit guide from the American Institute of Certified Public Accountants’ (AICPA) website, or you can simply visit the official SSAE 16 Resource Guide at ssae16.org.  As a comprehensive website dedicated solely to Statement on Standards for Attestation Engagement No. 16, the official SSAE 16 Resource Guide was developed by NDB Accountants & Consultants, a nationally recognized PCAOB CPA firm specializing in regulatory compliance for businesses throughout North America and abroad.   Thus, you’ll find a wealth of information regarding the new AICPA attest standard that effectively replaced the aging SAS 70 auditing standard for reporting periods ending on or after June 15, 2011. Specifically, NDB’s own SSAE 16 audit guide provides relevant, up-to-date information on the following subject matter:

SSAE 16 audits are commonly performed on entities that perform outsourcing functions on behalf of their clients. Known in the world of regulatory compliance as “service organizations”, these organizations have historically undergone SAS 70 compliance audits, but much has changed with the advent of the new AICPA Service Organization Control (SOC) reporting framework.  Specifically, Statement on Standards for Attestation Engagements No. 16 (SSAE 16) has effectively replaced the aging SAS 70 auditing standard for reporting periods ending on or after June 15, 2011.  This has resulted in many service organizations simply migrating from SAS 70 to SSAE 16 in hopes of continuing to achieve compliance with the new de facto standard for reporting on controls at service organizations.  Though the transition from SAS 70 audits to SSAE 16 audits may seem rather straightforward, there are a number of significant changes that service organizations should be aware of. Furthermore, these changes may also impact  cost and scope considerations for the SSAE 16 audit itself.

Looking for SSAE 16 guidelines and other helpful information for ensuring your SOC 1 SSAE 16 Type 1 or Type 2 assessment is a success? Then take note of these important points you need to know about regarding Statement on Standards for Attestation Engagements No. 16.  Additionally, you can learn more about these 5 important points along with other helpful SSAE 16 guidance when you visit the official SSAE 16 Resource Guide, developed by NDB Accountants & Consultants.

1. Goodbye to SAS 70: After almost 20 years as being the global de facto auditing standard for reporting on controls at service organizations, the SAS 70 auditing standard has effectively been replaced by SSAE 16. In short, for reporting periods ending on or after June 15, 2011, the SAS 70 auditing standing is no longer valid, thus you'll need to migrate to the SSAE 16 assessment standard.

SSAE 16 guidance and many other supporting technical aspects regarding Statement on Standards for Attestation Engagements No. 16 (SSAE 16) can be obtained by visiting the official SSAE 16 Resource Guide, developed by NDB Accountants &  Consultants (NDB).  This resource-rich web portal will provide you with all the necessary information regarding the new AICPA attest standard that became effective as of reporting periods ending on or after June 15, 2011.  From white papers to blogs along with many other important topics affecting SSAE 16, you'll find all the SSAE 16 guidance you'll ever need.  A small sample of notable points of interest found on this in-depth, resource-rich website include information on the following subject matter:

1.The evolution of the new standard-Learn about how SSAE 16 effectively replaced the aging and antiquated SAS 70 auditing standard and how the migration towards more globally accepted accounting principles and standards helped pave the way for the new AICPA attest standard.

2.The newly formed AICPA Service Organization Control (SOC) Framework-Learn how the changing landscape of service organization control reporting resulted in a comprehensive new reporting framework from the American Institute of Certified Public Accountants (AICPA). Known as the "SOC" reporting framework, it consists of SOC 1, SOC 2, and SOC 3 reporting options.

Get A Free Quote Today!

Fill out my online form.
Copyright © 2017 SOC Reports. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.