Reinforcing confidence in your services
Outsourcing is a growing trend and companies increasingly depend on third-party providers to deliver critical services. Companies often depend on many providers to deliver any number of services, including:
Consequently, outsourcing companies are looking for third-party assurance to provide their clients with comfort about their internal control environment. Replacing SAS 70, ISAE 3402/SSAE 16 standards will remain the most widely employed approach to demonstrate third-party assurance, providing coverage to users of outsourced services. ISAE 3402/SSAE 16 reporting, in coordination with your internal control assessment activities, can help:
Our ISAE 3402/SSAE 16 services can bring an organisation value through improved third-party risk management and performance, and include:
In response to the market demand for enhanced risk oversight and transparency, service organization control reports have become increasingly prevalent in the marketplace since the issuance of Statements on Auditing Standards No. 70, Service Organizations (SAS70) in 1992.
In order to meet heightened expectations and to fit the modern frameworks of assurance standards, the IAASB (International Auditing and Assurance Standards Board) and the AICPA (American Institute of Certified Public Accountants) issued new standards, namely the ISAE 3402 and SSAE 16, replacing the former SAS 70. The new standards have become effective for assurance reports covering periods ending on or after 15 June 2011.
Our approach in conducting ISAE 3402 / SSAE 16 examination is unique in terms of benefit that we commit to deliver. Deloitte will put at your disposal experienced industry professionals recognised as experts in their field together with qualified auditors with in-depth experience in control reviews. We are convinced that the availability of industry experts is a key differentiating factor in our approach as it enables us to advise you in a proactive manner on how to align with leading market practices.