Primepoint has taken all the necessary steps to become SSAE 16 Type II Certified. If you would like additional details, please use our contact form.
What is SSAE 16? Statement on Standards for Attestation Engagements no. 16 (SSAE 16) is the "attest" standard put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). SSAE 16 has become the new standard for reporting on controls at service organizations, essentially replacing Statement on Auditing Standards no. 70, (SAS 70).
SSAE 16 represents an adoption towards more globally accepted accounting principles. SSAE 16 also brings about a number of requirements. Most importantly that management of the service organization must provide a description of its "system" along with a written statement of assertion. Both of these requirements differ from the previous SAS 70 auditing standard in the following manner:
• The SAS 70 auditing standard only called for a description of "controls", while the SSAE 16 attest standard now requires a description of its "system", which is considered to be more comprehensive and expansive than that of the SAS 70 description of "controls.• SSAE 16 requires a written statement of assertion, something that was not required under SAS 70 Type I or Type II audits. This written statement of assertion must be crafted by management and contain a number of essential clauses for which management of the service organization will effectively "assert" to. What's important to note is that the written statement of assertion can be included within or attached to the description of the "system". A competent, well-qualified CPA firm can help assist you with this matter.
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