SOC 1

What are the differences between ISAE 3402 and SSAE 16?

The preferred reports for service organizations with direct impact on internal controls over financial reporting of their clients are the SSAE 16 (Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization, was issued by the Auditing Standards Board of the American Institute of Certified Public Accountants) and ISAE 3402 […]

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The Do’s and Don’ts of Bridge Letters (SSAE 16 Reporting)

You finally received your SOC 1/SSAE 16 report, only to realize that your coverage does not cover the entire year. So what happens in the remaining months of the year beyond the coverage of the report? Is it necessary that you receive another report to cover the remainder of the year? Does your previous report […]

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Provide Peace of Mind to Lenders and Consumers with the A-LIGN Difference

The A-LIGN Difference = Peace of Mind + Trusted Advisor + Competitive Advantage Most lenders/stakeholders now ask title insurance and settlement companies to demonstrate compliance with ALTA’s Best Practices. There exists a lot of uncertainty and confusion in the industry as to how a title insurance and settlement company can demonstrate compliance with ALTA’s Best […]

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Nuances of the American Land Title Association (ALTA) Best Practices Assessments

How do I get ALTA certified? Which audit should I do? What is the difference between a SSAE 16, SOC 1, SOC 2 and AT 101? What is the difference between an examination, review and agreed-upon procedures engagement? Will my lender accept the report I provide to them? These are just some of the few […]

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A-LIGN’s ALTA Best Practices: Engagement Options Guide

American Land Title Association (ALTA) Best Practices: Engagement Options Most people in the industry are confused as to what to do as it comes to ALTA Best Practices assessments and are even more confused when they read so many articles in the press or hear different opinions from industry experts. As a visual learner, I […]

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How SOC Audits Can Help Save on Errors & Omissions Insurance

As many companies look to reduce costs, one cost that continues to rise as the company grows is Errors and Omissions (E/O) insurance premiums. Both company liability and personal liability of the board of directors and owners is a topic that continues to be a focus of litigation. One of the ways a company can […]

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Relevant Audit Selection for Cloud Providers

Just as in physical storage, cloud service providers are used to store sensitive data.  This can be anything from credit card information to personal information such as social security numbers.  There are three key cloud services:  Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS).  The storage of […]

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SOC Vendor Due Diligence for Title Agencies

The American Land Title Association (ALTA) Best Practices Framework has been developed to assist lenders in satisfying their responsibility to manage third party vendors. ALTA members advocate a safe and efficient transfer of real estate and have high standards when searching land title records and preparing insurance documents. To provide the best possible chance of […]

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Does Your SOC Report Address Subservice Organizations Using the Carve Out or Inclusive Method?

By: Peter Clarke, Managing Consultant at A-LIGN A subservice organization is an entity that is used by the service organization to perform some of the services provided to customers (user entities).  An example of a common service provided by a subservice organization would be a company that offers their data center to a cloud provider […]

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How to Differentiate Your Title Agency for Success in a Dynamic Market

By: Blaise Wabo, Senior Consultant at A-LIGN In 2012 the Consumer Financial Protection Bureau (CFPB) released a bulletin related to service providers’ oversight, in which they expect supervised banks and nonbanks (lenders) to oversee their business relationships with service providers in a manner that ensures compliance with Federal consumer financial law, which is designed to […]

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