What is SSAE 16?

The AICPA issued the Statement on Standards for Attestation Engagements 16, otherwise known as SSAE 16. This new standard replaces the sAS 70 standard. The new SSAE-16 standard is very similar to the International Standard on Assurance Engagements 3402, otherwise known as ISAE 3402.
One of the main reasons why the change from SAS 70 to [...]

Difference Between SAS 70 and SSAE 16 Standard

SAS 70 – Auditing Framework
SSAE 16 – Attestation Framework
Although there are some differences not everything has changed when adpoting the new SSAE-16 standard. SSAE 16 reports will still carry an opinion signed by a CPA even though it is found in the attestation standards. These reports are still able to be relied upon by auditors.
In [...]

SSAE 16 Readiness Assessment

As preparation to receive a SSAE 16 audit, if you have never received a SAS-70 report, it would be a good idea for your company to have a readiness assessment. It is not required to get a readiness assessment, but it is a good idea because it helps you identify gaps and weaknesses in your [...]

Statement on Control (SOC) 1 Reports

SOC 1 reports, which are prepared in accordance with the SSAE-16 standard, reporting on controls at a service organization, are specifically intended to meet the needs of the managements of organizations and the user organization auditors, as they evaluate the effect of the controls at the service organization for the organizations’ financial statement assertions.
SOC reports [...]