Service Organization Control (SOC) Reporting Focusing On Some Engagement Issues
In 2011, to provide the framework for practitioners to examine controls and to help management understand the related risks, the AICPA established three Service Organization Control® [SOC] reporting options [SOC 1, SOC 2 and SOC 3 reports].
Published on January 15, 2014
SSAE No. 16 Reporting on Controls at a Service Organization
In March 2010, the Auditing Standards Board [ASB] released Statements on Standards for Attestation Engagements [SSAE] No. 16, so that now the guidance that needs to be used by service auditors has been pulled from AU Section 324, and that guidance now is housed in the attestation technical literature guidance.
Published on April 28, 2010
Technical Practice Aid Guidance Addressing Service Auditor Report Questions
Now that the new guidance associated with reporting on controls at service organizations fully is in play, several questions have been raised by practitioners associated with how service organization report engagements should be performed and how the resulting reports should be used by practitioners who are performing financial statement audits.
Published on February 01, 2012
SSAE No. 16 Some Implementation Questions & Answers
Since the guidance in SSAE No. 16 can be early-implemented, several questions associated with the guidance have been asked, and many of those questions are addressed in these materials.
Published on June 09, 2010
AU-C Section 402 Audit Considerations Related to Service Organizations
In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when understanding how reporting entity use of a service organization or service organizations to provide services relevant to the audit should be considered in planning, performing, and reporting on
Published on September 26, 2012
Defined Contribution Plans Some Current Issues
As practitioners are preparing to perform current-year audits of benefit plans, certain issues deserve a heightened degree of awareness. In some cases those issues are audit-related issues and, in other cases, the issues relate to ensuring that items, events, and transactions are properly-presented and disclosed in financial statements.
Published on July 06, 2011
Benefit Plan Audits Some Current Considerations
As practitioners are finalizing benefit plan audit engagements, some new issues and some continuing issues need to receive some focus to ensure that financial statements are prepared appropriately and audits are performed and documented appropriately.
Published on September 30, 2009