BrookWeiner Service Provider Reporting
Service providers are required to conform to a new AICPA reporting standard, Statement on Standards for Attestation Engagements (SSAE) No.16, Reporting on Controls at a Service Organization. The new statement supersedes the previous SAS 70 reporting standard.
In accordance with SSAE No. 16, service auditors’ reports are now referred to as a Service Organization Control (SOC). This report is specifically intended to meet the needs of user entity management and their outside auditors when evaluating the effectiveness of controls at the service organization as they relate to the user entity’s financial statement assertions.
We can help your service organization transition to the new reporting compliance aspects of the recently promulgated AICPA Statements on Standards for Attestation Engagements No.16. Our experts can help your organization identify control objectives that mitigate risk. We are available to provide guidance relative to safeguarding your technological assets through meaningful securitization protocols.