Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting

Aicpa

ISBN 10: 1937352420 / ISBN 13: 9781937352424

Published by Wiley, 2016

About this Item

Readable copy. Pages may have considerable notes/highlighting. ~ ThriftBooks: Read More, Spend Less.

Seller Inventory # G1937352420I5N00

Bibliographic Details

• Title: Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting
• Publisher: Wiley
• Publication Date: 2016
• Language: English
• ISBN 10: 1937352420
• ISBN 13: 9781937352424
• Binding: Paperback
• Condition: Fair
• Dust Jacket Condition: No Jacket
• Weight: 0.7 pounds

About this title

Synopsis

This updated and improved guide is designed to help CPAs effectively perform service organization control (SOC) 1 engagements under Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization.

With the growth in business specialization, outsourcing to service organizations has become increasingly popular, increasing the demand for SOC 1SM engagements.

This guide will help you:

• Gain a deeper understanding of Service Organization Control Guidance and common practice issues, giving you the foundational knowledge to effectively perform engagements.
• Provide best in class services related to planning, performing, and reporting on a service auditor’s engagement.
• Successfully complete the transition from SAS No. 70, Service Organizations, to SSAE No. 16, Reporting on Controls at a Service Organization (issued in April 2010).
• Understand the kinds of information auditors of the financial statements of user entities need from a service auditor’s report.
• Implement SSAE No. 16 requirement regarding obtaining a written assertion from management of a service organization by providing illustrative management assertion for a type 1 and type 2 report.
• Provide management representation letters and control objectives for various types of service organizations.

In addition, this guide contains over 20 illustrative service auditor’s reports to help you with situations that may require modification of the report.

This guide has been fully conformed to reflect changes resulting from the clarified auditing standards.

About the Author

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession’s technical and ethical standards.
The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.