AuditOne Inc. Offers Free Guide to Help Service Providers
Transition from SAS 70 to New SSAE 16 Standard
“Cost-EffectivelyTransitioning to SSAE 16” Aimed at Meeting June 15, 2011 Deadline
San Jose, California -- AuditOne Inc. is now offering an easy-to-follow guide providing service providers with concise step-by-step instructions on how to transition from SAS 70 reviews to the new SSAE 16 (Statement of Standards for Attestation Engagements 16) standard set by the American Institute of Certified Public Accountants and scheduled to take effect for reports for periods ending on or after June 15, 2011.
Banking, financial, health care and other industry institutions are required to perform due diligence and ongoing monitoring of the safety, integrity and related controls over their data when it is being handled by third party service providers. SSAE 16 examination reports provide these institutions with specific information about the safety and integrity of service provider systems and related controls.
“Our guide entitled Cost-Effectively Transitioning to SSAE 16 will help service provider firms avoid unnecessary disruption, confusion, and costs associated with the rule changes,” said Bud Genovese, managing director of AuditOne Inc. “We’re dedicated to being your business partner during this transition to the new SSAE 16 standard.”
Identifying the Critical SSAE 16 Changes
AuditOne Inc.’s team of expert audit and technical professionals has analyzed and pinpointed the major changes in the new SSAE 16 standard. These changes essentially reduce to: requiring the service provide to develop a written statement of “the description of the provider’s system” that will be included in Section 2 of the SSAE 16 report; the service provider will also provide an “Assertion by Management” to accompany that description; and the service provider must perform or obtain a risk assessment that identifies risks that could threaten the achievement of the control objectives.
AuditOne Inc.’s new guide, Cost-Effectively Transitioning to SSAE 16, provides concise information service providers can use to implement these changes with a minimum of cost and disruption to their organizations. Additionally, AuditOne Inc. has designed a sophisticated methodology of pre-review consultation and guidance, and controls templates, risk assessments, and report preparation guidelines to assist service providers with the transition to the SSAE 16 standard.
To order Cost-Effectively Transitioning to SSAE 16, fill out the form below: