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SSAE-18

SSAE 18 Overview

The Service Organization Controls Report is also SSAE stands for Statement on Standards for Attestation Engagements, managed by The American Institute of Certified Public Accountants (AICPA) and, more precisely, the Auditing Standards Board (ASB).

According to the AICPA, “Service Organization Control (SOC) reports are internal control reports on the services provided by a service organization providing valuable information that users need to assess and address the risks associated with an outsourced service.” In short, if you work for a service firm and handle information for clients that might affect their financial reporting, you could be expected to have this type of audit report.

Additionally, SSAE has three types of Audits named SOC 1, SOC 2 & SOC 3. Each has three different application & serve another purpose.

SOC1 is relevant to Financial Systems in the Organization.

SOC2 is relevant to the Security Controls of the Organization.

SOC3 is for Cyber trust and System trust, intended mainly for the security of web-based applications in Organizations.

Additionally, SSAE 18 comprises two forms of audits. There are two types of SOC audit reports:

Type I – The controls in this form of audit, also known as point-in-time reports, are tested as a given date and include a description of the service organization’s system. Type I reports looking at the design of a service organization’s controls, not how successful they are in practice. Most businesses receive a Type I report once before moving on to a Type II assessment.

Type II – This report spans a period (usually 12 months), includes a description of the service organization’s system, and evaluates the controls’ design and operational effectiveness.

CUNIX’s innovative approach to SSAE involvement adds long-term value to your company. Our readiness services enable you to quickly close control gaps, which not only helps you get SSAE 18 reports signed, but also improves company productivity and efficiency for that is our highest priority. Regular certifications and involvement mean that your business processes are always evolving and updated, adding value to your company.

CUNIX has been providing expertise to many organizations for SSAE 18 audits. Whether at the account level or Organization level, we ensure that your firm is SSAE 18 certified.

SSAE 18 Certification Process for SSAE 18:

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Benefits of SSAE 18/ SOC Audits:

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    Assurance of Security: With the help of SOC it gives customers assurance that security measures have been implemented to avoid breaches and safety of their data.
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    Effective Operations: Auditing requirements for SOC2 Type 2 require compulsory 6 months of evidence and testing of the operating effectiveness of controls in place.
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    Preferred Vendor: Most businesses prefer working with SOC2 Certified vendors. We as SOC2 auditors help them achieve this critical business needs.
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    Better services: With improved processes and controls in place, the SOC certified organizations are well placed to offer better services with respect to competition.
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    Regulatory compliance:Requirements of SOC audits align with HIPAA and ISO 27001 as well. So, implementing SOC leads to compliance with other regulatory standards as well.

Why CUNIX?

  • CUNIX projects are lead by consultants with an average industry experience of 25+ years, of performing in various roles and providing consultancy in the field of QMS Quality Management System.
  • CUNIX has done consulting projects in 20+countries and hence can boast of having multi-cultural, multi-lingual experience and successes.
  • 650+ projects, including 120+ projects on various ISO standards, SOC, GDPR, HIPAA etc. completed till March 2023.
  • CUNIX has provided consulting in diverse industries like Manufacturing to Banking, I.T. to Health-Care, Engineering Services to Automation and many more.
  • CUNIX has consulted organization of all sizes, from small to medium to large sizes, in terms of people, towards success in their quality initiatives.
  • CUNIX has deep tie-ups with all types of certification bodies and can provide end-to-end experience to the clients, as per their requirement.