Third-Party Assurance Services
Build customer confidence and trust
Outsourcing solutions have evolved into a strategic business practice, and outsource service providers (OSPs) are having a greater impact on their clients’ internal control frameworks. This increase the need for comprehensive and flexible third-party assurance reporting.
What is third-party assurance?
Third-party assurance involves independent and objective assessments of the controls and processes used by service organisations and other companies. It provides assurance that organisations are effectively managing risks, complying with regulations, and meeting contractual obligations.
Our third-party assurance team provide businesses and their customers with tailored, independent assurance over their operations.
What we do
The evolving business landscape sees companies increasingly relying on external service providers, bringing efficiency but also challenges in data security, internal controls, and customer trust. To address this, providers are using third-party assurance programs to demonstrate robust risk management. Independent assurance offers transparency and builds confidence by assuring customers of their data and operational security. We offer a comprehensive suite of customisable third-party assurance services, aligning with industry standards, to meet the specific needs of providers and their customers.
The Deloitte difference
Deloitte conducts independent assessments of an organisation’s control procedures to establish if existing controls/processes meet management objectives and to demonstrate controls to customers and their auditors through reporting and integrated requirements.
Our Third-Party Assurance services provide value by helping clients with:
- Reporting and audit requirements: SSAE 3000/3402 (e.g. OSPAR), ISAE 3000/3402, SOC 1, 2, and 3 reports (based on SSAE 18, and ISAE 3402 guidance); agreed-upon procedures (AUP).
- Minimising audit requests: Third-party services can reduce the number of requests to audit an OSP’s internal controls by different customers and their auditors.
- Third-party assurance readiness and optimisation: Readiness assessments can provide an OSP’s management with the insight and tools needed to address reporting requirements.
Third-party assurance optimisation identifies areas of efficiency that increases effectiveness for users, reigns in the cost of compliance, and streamlines reporting.
