ISAE 3402
ISAE 3402 is an assurance standard. The title is "Assurance Reports on Controls at a Service Organization". It was published in June 2011 as a standard for documenting that a service organisation has adequate internal controls; although often approached from a financial reporting perspective,[1] such as Sarbanes-Oxley, it can also be applied to other controls, such as information security.[2] ISAE stands for "International Standard for Assurance Engagements".
Like SAS 70 and SSAE 16, ISAE 3402 prescribes Service Organization Control reports, which help give assurance to the organisation's customers and service users, who may have their own assurance needs.[3] There are two kinds of SOC reports:
- Type I: Documenting a "snapshot" of the organisation's controls
- Type II: Documenting over a period of time (typically 6 months) showing controls have been managed over time.[4]
ISAE 3402 was developed by the International Auditing and Assurance Standards Board, but it is also supported by the IAASB (International Auditing And Assurance Standards Board) and IFAC (International Federation of Accountants). It supersedes SAS 70,[5] and puts more emphasis on procedures for the ongoing monitoring and evaluation of controls.
See also
External links
- ISAE 3402
- Ernst and Young, Implementing and maintaining ISAE 3402
- International ISAE3402 register
- ISAE3402 register (Netherlands)
- ISAE3402 information (Dutch)
References
- ↑ "Third party assurance (e.g. ISAE 3402)". PwC. Retrieved 10 May 2015.
- ↑ "ISAE 3402 Type II Service Organization Control - SOC Reporting". Rackspace. Retrieved 10 May 2015.
- ↑ "ISAE 3402 Services". A-lign. Retrieved 10 May 2015.
- ↑ "Service organization control (SOC) reports". isae3402.com. Retrieved 10 May 2015.
- ↑ "ISAE 3402". ICC. Retrieved 10 May 2015.