Ssae 18 Control Objectives
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Since ssae 18 has effectively replaced ssae 16 and also sas 70 and because the ssae 18 controls and related assertions need to be based on relevant internal control over financial reporting icfr service organizations need to constructively re think their control objectives.
Ssae 18 control objectives. A clearer view of attestation standards for service organizations 1. 18 requires the consideration of complementary subservice organization controls which are the controls for portions of the service organization s systems that are outsourced to other service organizations. Will be implemented by the subservice organizations and are necessary to achieve the control objectives. Under the ssae 18 standard complementary user entity controls are now defined as those controls that are only necessary to achieve control objectives stated in management s description.
Ssae18introducestheconceptof complementary subservice organization controls csocs which represents controls that management of the service organization expects will be implemented by the subservice organizations and are necessary to achieve the control objectives stated in management s description of the system when the carve out method of reporting has been used. The ssae 18 guidance primarily clarifies existing auditing standards. Entity s internal control over financial reporting that is integrated with an audit of its financial statements and related attestation interpretation no. Moving to ssae 18.
1 reporting under section 112 of the federal deposit insurance corporation. Type 2 report on the fairness of the presentation of management s description of the service organization s system and the suitability of the design and operating effectiveness of the controls to achieve the related control objectives included in the description throughout a specified period. What is ssae 18. It is also intended to reduce instances of duplication within similar standards that cover examinations reviews and agreed upon procedure engagements.
Changes for service organizations themselves revision what service organizations need to do differently csocs a complementary subservice organization control csoc is a control that management assumes will be implemented by their subservice organization.
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