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SSAE16 Compliance
Are you SSAE16 Compliance?
SSAE16 Compliance
Standards for Attestation Engagement No. 16 (SSAE16) is a third party assurance audit for service organizations (revised version of SAS70). This audit is internationally recognized and serves as a standard for service organizations around the world.
Most companies get this audit done because their partners require it or because it can set them apart from their competitors. Having a clean SSAE 16 audit allows for companies to compete on an international level and allows your customers to give you their business with complete confidence.
Service Organization Control (SOC) Reports:
SOC 1 is a report generated from an SSAE 16 audit performed by a specialized CPA. It focuses on the internal controls over financial reporting within a service organization. SOC 2 & 3 take into account system security, availability, processing integrity, confidentiality, and privacy. The table to the left shows the differences between SOC 1, 2, & 3 reports.
What can SSAE 16 do for your organization?
Confirm that procedures, controls, and processes are operating as intended.
Satisfy requirements that most public organizations need in order to do business with other organizations.
Provide standardized credibility.
Provide a third-party evaluation and consultation of financial reporting.
Use bench-marking to track progress.
Validate or remove the need for self-assessment.
Abtech Technologies provides best-in-class SSAE 16 audits for any service organization. It is important that you pick the right auditor; one that you can trust and one that will take the time to ensure your audit is valid and conclusive.