What Is SSAE 16?
The Statement on Standards for Attestation Engagements No. 16 (SSAE 16) is a set of standards developed specifically for certified public accountants (CPAs) to evaluate an entity’s internal controls and the impact a service organization may have on the entity’s control environment. This is particularly important as auditors attempt to accurately audit a company’s financial statements.
The SSAE 16 standards were put in place by the American Institute for Certified Public Accounts (AICPA) and serve as the authoritative guide for in-depth audits of a third-party service organization such as 365 Data Centers. SSAE 16 is a relatively new set of standards published in April 2010 to supersede the SAS 70, the original guidelines for performing an examination of a service organization’s controls and processes.
Businesses rely on SSAE 16 and SOC 2 audits and reports to build trust and confidence in their service provider’s ability to design, operate and control environments on which their business depends. Additionally, SSAE 16 and SOC 2 audits may assist an entity in complying with the Sarbanes-Oxley act or similar law or regulation.
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How Do SSAE 16 and SOC 2 Certifications Benefit Your Business?
Businesses that use service organizations that have been audited for SSAE 16 and SOC 2 compliance should have a higher level of trust and confidence in that organizations controls and operational capabilities. Additionally, entity’s that are being audited themselves for SSAE 16, SOC 2, Sarbanes-Oxley compliance or similar law or regulation will find it easier to comply with requirements when using an SSAE 16 and SOC 2-audited service organization. This will speed compliance and reduce the cost of compliance.
Are 365 Data Centers’ SSAE 16 and SOC 2 Audit Reports Available to Review?
Yes, 365 Data Center’s SSAE 16 and SOC 2 audit reports are available to customers and qualified prospective customers and partners upon request. Please contact us for more information or to request a copy of our audit reports.