SSAE 16 to Supersede SAS 70 as the New Audit Standard
SSAE 16 is taking over the current SAS 70 audit, by updating some rules and adding a few new requirements, we end up with a new audit! Don't fret, 95% of everything you know will stay consistent, but we are here to guide you!
May 2, 2010 (Newswire.com) - SSAE 16 is taking over the current SAS 70 audit, by updating some rules and adding a few new requirements, we end up with a new audit!
The majority of information you already know will hold true and allow you to build upon that knowledge and improve your audit year after year.
There are a few new changes to this standard and the most important one is the requirement that management write their own assessment of their controls, which the 3rd party service auditor is to attest to by performing agreed upon testing procedures.
SSAE-16.com has been setup to help with the transition from SAS 70 to SSAE 16. The site is useful for those whom have never performed a SAS 70 before to those whom are ready to take the plunge and get audited for the first time.
Categories: Commercial Law