Top 5 Reasons to Get an SSAE 16 (f. SAS 70) Report
So, you have a current customer or client asking whether you have completed an SSAE 16 examination. Now you may have some basic questions such as the following: What is an SSAE 16 audit report? A Type II SSAE 16 report is an independent report on the design and operating effectiveness of key controls at a service organization. SSAE 16s were formerly called SAS 70s. What is a service...
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...
Read MoreAICPA Surrenders to the CICA
The American Institute of Certified Public Accountants (AICPA) has officially surrendered to the Canadian Institute of Chartered Accountants (CICA). That’s right surrendered. Did you know that if you want a SOC 3 audit report, prepared using the guidance issued from the AICPA, you have to be licensed by the CICA? Sound crazy? It is… Did you also know that almost no one at...
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