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A SOC 1 Type 1 report is an independent snapshot of the organization's control landscape on a given day. A SOC 1 Type 2 report adds a historical element, showing how controls were managed over time. The SSAE 16 standard requires a minimum of six months of operation of the controls for a SOC 1 Type 2 report. [citation needed]
SSAE 16: In April 2010, the AICPA published Statement on Standards for Attestation Engagements no. 16 (SSAE 16), titled Reporting on Controls at a Service Organization, which superseded SAS 70 and was included in Professional Standards as section AT 801 [13] The changes in this update brought the standard closer to the reporting structure ...
The AICPA auditing standard Statement on Standards for Attestation Engagements no. 18 (SSAE 18), section 320, "Reporting on an Examination of Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting", defines two levels of reporting, type 1 and type 2. Additional AICPA guidance materials specify ...
CoreSite Announces Completion of SSAE 16 Examination for All 14 North American Data Centers Thorough External Review Validates Optimal Security and Environmental Controls Provided to Data Center ...
Service organizations, applying SSAE no. 16, Reporting on controls at a service organization (SOC1), May 1, 2011: 50-12: 2013: Service organizations, Reporting on controls at a service organization relevant to user entities' internal control over financial reporting (SOC1), May 1, 2013: 51-01: 2018
President Donald Trump's transition team asked more than a dozen senior career diplomats to step down from their roles, two U.S. officials familiar with the matter said, as the newly inaugurated ...
A medical advocacy group on Tuesday sued the main U.S. health agencies over the sudden removal of websites containing public health information in response to an executive order by President ...
ISA 400 Risk Assessments and Internal Control; ISA 500 Audit Evidence; ISAE 3000; ISAE 3402; ISO 19600; L. List of AICPA Issues Papers; S. SSAE 16; SSAE No. 18;