SOC 1

How Subservice Organizations Impact SSAE 16 Reports

By: Scott Price, Managing Partner of A-LIGN Determine whether your SSAE 16 Report is saving your client money or costing them! With year-end financial audits fast approaching, your clients will soon be requesting your SSAE 16 report. Why? This is because your SSAE 16 reports will allow your client’s financial auditors to determine if they need […]

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Ask A-LIGN: When receiving our first SSAE 16 audit, if the auditors find minor mistakes, will we have the opportunity to correct them?

By: Scott Price, Managing Partner of A-LIGN Answer: I hear this question often and, my answer is, “it depends.” I realize this is not the response most of you were hoping for, but I will elaborate. If your audit is a Type 1 SSAE 16, you can elect to have the review date of the report […]

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Ask A-LIGN: What is the difference between a SOC logo and a SOC seal?

By: Scott Price, Managing Partner of A-LIGN  Answer: Misuse of Service Organization Control (SOC) terminology is a common mishap in the marketplace. When it comes to the use of the SOC logo or seal, many tend to assume the terms mean the same thing (six of one, half a dozen of the other), but in reality […]

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Ask A-LIGN: Is SSAE 16 a Certification?

Answer: No, SSAE 16 is not a certification. Here’s why: It is incorrect to say that you are SSAE 16 certified, because there is not a certification awarded to you after the engagement. The appropriate wording would be to state, “we have received an unqualified (Type 1 or Type 2) SSAE 16 report as a […]

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Ask A-LIGN: Why is the SAS 70 audit still asked for? I thought it no longer existed?

Answer: Correct. The SAS 70 audit has been out of existence since June 15, 2011. Many organizations are still being asked for SAS 70, frankly, due to the fact of its nearly 20-year existence and lack of education surrounding the change of the standard. Here’s Why: Since SAS 70 has been around nearly 20 years, […]

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Ask A-LIGN: Is my Organization Required to Obtain a Type 2 SSAE 16 Examination Annually?

Answer: This is a question we are asked frequently by our clients and prospective clients, and the answer is: It Depends. Here’s why: The SSAE 16 guidance states that the period of review, or time frame that the report covers, should be at least six (6) months in the case of a Type 2 SSAE […]

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Integrated Audit of Financial Statements – Relevance of an SSAE 16 Report

  Over the many years, while I have been working with companies as their Independent Service Auditor to help issue their SAS 70s / SSAE 16 reports, I have also been on the other side of the fence wherein I was part of the team responsible for the Audit of the Financial Statements of a […]

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Too many SSAE 16 audit detours?

  Does your Auditor offer: fixed fees? NO out-of-pocket expenses? a declining fee structure? over 250 SOC Audits of experience? the draft report within 10 days of completion? responds to your calls and emails on the same day?   If your current CPA firm is not meeting these standards, then you might want to give us […]

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Why do my clients ask me for a SOC 1/SSAE 16 Report?

Let’s spend a few minutes getting back to basics. Why do your clients ask for a SOC 1/SSAE 16 report to be provided?  Your clients ask because their auditors probably asked for it.  So why do your auditors ask for this report?  The roots for SSAE 16 can be traced back to SAS 70 and […]

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A-LIGN Security and Compliance Services To Present Webinar, “Reducing Audit Impact by A-LIGNing PCI DSS, SOC 1 & 2 Requirements”

Gene Geiger, Director at A-LIGN Security and Compliance Services will present a webinar to share practical recommendations for improving overall audit efficiency which will lead to reduced audit impact, audit costs and audit fatigue. The presentation will take place on April 18, 2012 from 1-2 pm EST. All individuals/organizations are invited to attend the webinar. […]

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