SOC and SSAE 18 Reporting: Practical Tips and Strategies Explored
Overview:
As of May 1, 2017, the American Institute of Certified Public Accountants (AICPA) implemented the Statement on Standards for Attestation Engagements (SSAE) 18. This updated standard requires companies to take full control and responsibility of their internal controls and to enhance their risk assessment procedures. Mainly focusing on service organizations and third-party vendors, the changes were intended to enhance Service Organization Control (SOC) reports' quality and usefulness.
To ensure compliance with SSAE 18, companies must understand and address the challenges of internal controls reporting process. A number of considerations must also be taken into account to save money, effort, and time.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders brought together by The Knowledge Group will help companies understand the attestation changes under SSAE 18. They will provide an in-depth discussion of the recent updates about SSAE 18 and its pros and cons. Speakers will also offer practical tips and best practices in minimizing risks and in complying with SSAE 18.
Key topics include:
- SSAE 18 Audit Standard Updates
- Pros and Cons of SSAE
- Addressing Risk
- Best Compliance Practices
- Outlook
Agenda:
Assure Professional, LLC
- Information Security Professionals
- Information Technology Managers
- Chief Compliance Officers
- Chief Risk Officers
- Internal Auditors
- Chief Financial Officers
- Accountants
- Corporate Counsel
William Holman leads the service industry audit practice of Assure with over a decade public accounting and industry experience. Prior to joining Assure, he worked for a Florida-based SOC provider where he was involved in all aspects of the engagements and was able to institutionalize a process for completing engagements efficiently while also exceeding client expectations. Previously, William also spent 4 years in the Transaction Advisory Services Group and Audit Group of a large regional CPA firm. He received his Bachelor of Science in Business Administration from the University of Tennessee. He is a licensed Certified Public Accountant in North Carolina and a Certified Information Technology Professional.
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method Of Presentation:
Live Webcast
Prerequisite:
General knowledge on audit reports and standards
Course Code:
148608
NY Category of CLE Credit:
Areas of Professional Practice
Total Credits:
2.0 CLE
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SPEAKER FIRMS:
About Assure Professional, LLC
Assure Professional is an innovative provider of value added audits and assessments to service organizations across a variety of industries. Developed from nearly 20 years of private and public accounting experience as well as over 25 years of IT experience, Assure strives to provide high quality service to its customers at affordable rates.
Website: https://assureprofessional.com/
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