Think you need a SAS 70 report — or its replacement, the SSAE No. 16 — to demonstrate your credentials? You may… but maybe not. Service Organization Controls (SOC) reports are designed to help service ...

You may be familiar with SAS 70: an audit standard used for businesses that provide a service relating to their clients’ finances. If you feel like you just figured out SAS 70 audits, I’m sorry to say ...

It seems that there really is no rest for the weary. The direct impact of this change might be uncertain for some of you. The article will help you understand the similarities and differences between ...

IMGCAP(1)]Last month, the AICPA issued a set of standards that CPAs who do assurance engagements at service companies should examine carefully. The AICPA s Statement on Standards for Attestation ...

New attest standards go into effect on June 15, 2011, and the auditors of service organizations will have to change the way they report to their clients and their clients’ customer organizations.

The SAS 70 auditing standard has been a must for service providers to test internal security controls. But it hasn’t been without critics, and SAS 70’s replacement is at hand. In June 2011, it will be ...

New attestation standards go into effect on June 15, 2011, and as a result, auditors of service organizations will have to change the way they report to their clients. A company that outsources a ...

On June 15, the American Institute of Certified Public Accountants’ reporting standard known as SSAE 16 effectively replaced the SAS 70 standard for U.S. service organizations to test their internal ...

Prior to 2011, customers (user entities) who engaged third-party service providers (service organizations) to perform functions and/or processes that impacted the user entities’ internal control over ...

Ann Arbor-based Online Tech Inc. said last week that it has achieved SSAE 16 Type II certification for its Ann Arbor and Mid-Michigan data centers. SSAE 16 is the second generation data center audit ...

Usually we in commercial real estate are primarily concerned with financing, developing and building. On the accounting side, sure, there is a significant amount of audit and tax advisory work on ...

As a CPA with 20+ years of experience, I'm a big supporter of accountability and company audits. (See a related story on page 10 on benefit plan audits.) Early in my career as an auditor, I made a ...