Daily Archives: April 6, 2017

Changes Ahead for SSAE-16

New guidance has been provided for the Service Organization Control (SOC) 1 report also known as the Statement on Standards for Attestation Engagements (SSAE) No. 16 (SSAE-16). Next month, the new SSAE-18 will replace the current SSAE-16 report and will be effective for reports dated on or after May 1, 2017. SOC reports provide insight into a provider’s operations to instill confidence in their services. Independent auditors conduct SOC attest engagements in accordance with the American Institute of Certified Public Accountants (AICPA) standards. While voluntary, SOC reports are highly regarded by customers, auditors, and various stakeholders to support compliance and …read more

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