Ssae 18 Controls List

Similarly ssae 16 has two different kinds of reports.

Ssae 18 controls list.

A soc 1 type 2 report adds a historical element showing how controls were managed over time. Auditing standards board issued ssae no. Since ssae 18 has effectively replaced ssae 16 and also sas 70 and because the ssae 18 controls and related assertions need to be based on relevant internal control over financial reporting icfr service organizations need to constructively re think their control objectives. Well the authoritative source for a soc 1 audit is the american institute of certified public accountants statement on standards for attestation engagements number 18.

As a result a soc 1 report will only be referred to as a soc 1 and the ssae 18 guidance formalizes this. A soc 1 type 1 report is an independent snapshot of the organization s control landscape on a given day. Standards for 18 attestation engagements issued by the auditing standards board attestation standards. The most significant changes in ssae 18 may slightly impact service organizations with the addition of new controls and report enhancements but it will have the benefit of providing additional assurance to user organizations.

15 an examination of an. 15 guidance moved to au c section 940 with the issuance of statement on auditing standards no. Ssae 18 is a series of enhancements aimed to increase the usefulness and quality of soc reports now superseding ssae 16 and obviously the relic of audit reports sas 70. 18 redrafts all ssaes with the exception of ssae no.

Developing soc 1 ssae 18 control objectives that are related to the icfr concept is critical. The aicpa s control objective definition provided in ssae 18 is the aim or purpose of specified controls at the service organization. Clarification and recodification which seeks to clarify the requirements and provide application guidance for performing and reporting on examinations reviews and agreed upon procedure engagements attestation engagements. Clarification and recodification supersedes statement on standards for attestation engagements nos.

Statement on standards for attestation engagements no. The changes made to the standard this time around will require companies to take more control and ownership of their own internal controls around the. Ssae 16 mirrors the international standard on assurance engagements isae 3402. 10 chapter 7 retained as at c section 395 in unclarified format until further notice and ssae no.

The ssae 18 reporting standard soc 1 soc 2 soc 3 formerly ssae 16 support and guidance for ssae18 soc 1 soc 2 and soc 3 reporting standards formerly ssae 16.