Originally published in Accounting Today Simply put, SSAE No 18 is the standard which recodifies all the previous attestation standards. It is the culmination of the efforts to clarify the various standards for performing attestation engagements, which includes among many others, SOC 1 (commonly referred to as SSAE No. 16) and SOC 2 and SOC 3 (AT Section 101), into a single set of standards for the auditors.
CIOs have a unique vantage point over their organization. From where they sit, they see efficiencies, pain points, and potential weaknesses across all departments. This level of visibility is invaluable in today’s intricate, technology-driven, and information-rich business landscape.
Whether it is shoes, real estate or professional services, capitalism means for competition among suppliers in ways that are both healthy and necessary. For consumers, competition also provides a reasonably reliable measurement of equilibrium between what is offered and what is required for goods or services: the price.
Think of your auditing firm like you would a long-term business partner. They are someone you will work with year after year, and they will be an integral part of setting the stage for your organization’s success. As such, the act of selecting the appropriate assessor shouldn’t be taken lightly. Here are several key qualities your organization should look for when choosing an auditing firm:
The countdown for EPCS in New York is marking the days until March 27, 2015. At this time, all medical professionals, with the exception of veterinarian services must accept and allow the prescribing of controlled substances with electronic prescriptions for all medications that are prescribed or filled within the State of New York. Learn about what this new law involves and how this will affect both business and consumer with these important facts:
The WLA Security Control Standards help provide confidence in a lottery operation. To retain the confidence of players and other stakeholders, lottery organizations need to develop and maintain a visible and documented security environment. The WLA Security Control Standard incorporates baseline requirements and controls within the organization’s overall security and risk management process – and avoids overlaps with more general security certifications. It provides lottery security professionals with a process to formally manage, update, and continuously improve its security controls.
In January, the AICPA Assurance Services Executive Committee (ASEC) released the revised version of the Trust Services Principles and Criteria (TSP). Since the release, there have been questions on the best way to undertake the transition process to the new TSP. Below are 3 steps that will help your organization apply the changes from the standard, manage the transition effectively, and gain a deeper understanding of leading practices.