SSAE 16/SOC 1 (f. SAS 70) Reports Greater or Less Than 12 Months
A question that comes up periodically with both new and existing clients is whether service auditor examinations (eg, SSAE 16) reports can cover periods outside of the 12 month norm. The answer to this question is yes and it is somewhat common for several reasons. First, service organizations that have not undergone a service auditor examination before will often start out with either a...
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Linford & Company LLP has just had its fourth anniversary. Thank you to all our clients that have made that possible! We are also proud to announce that we have recently moved into our new office space. This move has allowed us to expand our operations.
Read MoreGap or Bridge Letters
Astute observers will note that most SSAE 16/SOC 1 reports often cover only a portion of the user’s organizations calendar or fiscal year. For example, a report may have a coverage date of October 1, 2011 through September 30, 2012. If the user organization has a calendar year end, what do they do to get comfort about the controls for the last three months of the year? The answer is...
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Read MoreSOC 1 vs SOC 2 Audit Reports
Our firm has spent a fair amount of time discussing the differences between SSAE 16 (SOC 1, formerly SAS 70) and AT 101 (SOC 2) audit reports with many individuals from a significant number of companies in a variety of industries. So what are the differences? In short, the structure and the content of the reports are not significantly different; it is the recipients of the reports that are...
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