Regulatory Compliance, Governance and Security

Nov 16 2010   8:43PM GMT

SSAE 16 Management Assertion | What you Need to Know



Posted by: Charles Denyer
Tags:
change management sas 70
charles denyer
SSAE 16
type 1 report
type 2 report
written assertion by management
written statement

SSAE 16, put forth by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), requires that the service organization provide a written assertion (i.e., “management assertion, “written statement of assertion”) to the service auditor. This statement effectively asserts to the following clauses for purposes of SSAE 16 reporting:

Management’s description of the service organization’s “system” fairly presents the service organization’s system that was designed and implemented at either a specific date (Type 1 report) or implemented throughout a specified time period (Type 2 report).

The control objectives stated in management’s description of the service organization’s system were suitably designed to achieve those control objectives at either a specific date (16 Type 1 report) or designed throughout a specified time period (Type 2 report) to achieve those control objectives along with having them operate effectively throughout the specified time period.

The criteria used to effectively making these assertions (i.e., risk factors relating to controls and control objectives) and (for a SSAE 16 Type 2) that the controls were consistently applied.

To learn more about SSAE 16, visit the SSAE 16 Resource Guide.

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