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Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting Guide (SOC 1)

Publisher: AICPA
  • $69.00-$89.00
    Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting Guide In Stock Product #: AAGASO13P
    AICPA Member: $69.00
    Non-Member: $89.00
  • $59.00-$79.00
    Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting Guide (SOC 1) [Subscription] Online Access Product #: WSOC1
    AICPA Member: $59.00
    Non-Member: $79.00
  • $59.00-$79.00
    Service Organizations: Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting Guide eBook Download Product #: AAGASO13E
    AICPA Member: $59.00
    Non-Member: $79.00

This updated and improved guide is designed to help CPAs effectively perform service organization control (SOC) 1 engagements under Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization.

With the growth in business specialization, outsourcing to service organizations has become increasingly popular, increasing the demand for SOC 1SM engagements.

This guide will help you:

  • Gain a deeper understanding of Service Organization Control Guidance and common practice issues, giving you the foundational knowledge to effectively perform engagements.
  • Provide best in class services related to planning, performing, and reporting on a service auditor’s engagement.
  • Successfully complete the transition from SAS No. 70, Service Organizations, to SSAE No. 16, Reporting on Controls at a Service Organization (issued in April 2010).
  • Understand the kinds of information auditors of the financial statements of user entities need from a service auditor’s report.
  • Implement SSAE No. 16 requirement regarding obtaining a written assertion from management of a service organization by providing illustrative management assertion for a type 1 and type 2 report.
  • Provide management representation letters and control objectives for various types of service organizations.

In addition, this guide contains over 20 illustrative service auditor’s reports to help you with situations that may require modification of the report.

This guide has been fully conformed to reflect changes resulting from the clarified auditing standards.

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About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.