Tagged: SAS 70

SAS70 – Statement on Auditing Standards No. 70 – provides guidance to service auditors when assessing the internal control of a service organization and issuing a service auditor’s report. SAS70 is obsolete, replaced by SOC and SSAE16.

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Does my non-US business need a SOC 1, 2, 3 or SAS70 report? ISAE 3042 and ISO 27001 perform similar functions

“Our US based client has asked for our SOC 2 audit report! I haven’t heard of one! What is it? What do I do?” Service Organisation Controls (SOC) are a US-centric accounting standard, designed to make an assessment of the controls an organisation has for its information (SOC 1), services impacting availability, integrity and confidentiality (SOC 2) and trust services (SOC 3). SOC was introduced by the American Institute of Certified Public Accountants (AICPA), and each report must be issued by a certified AICPA. In a nutshell, SOC is a US audit report, used by US businesses, issued by a US-certified auditor. If your organisation is outside of the USA, this report might be irrelevant to your local business context and may be difficult to come by due to the report being issued by an AICPA. Difficult, but not impossible....