HomeWebcastSSAE 18 (Statement on Standards for Attestation Engagements): Trends, Developments and Significant Updates Impacting SOC Examinations
Online CPE SSAE 18 CLE

SSAE 18 (Statement on Standards for Attestation Engagements): Trends, Developments and Significant Updates Impacting SOC Examinations

Live Webcast Date: Thursday, April 19, 2018 from 12:00 pm to 1:00 pm (ET)
Auditing (CPE)Recording

Online CPE SSAE 18

Join us for this Knowledge Group Online CPE SSAE 18 Webinar. Earlier in 2017, a series of modifications to the attestation standards geared to clarify three levels of service – examination, review and agreed-upon-procedures which included System and Organization Controls (SOC) report, have been made. The SSAE 18, which became effective for all reports issued on or after May 1, 2017 requires companies to take more control and ownership of their own internal controls when identifying and classifying risks. They are also expected to implement a formal and appropriate Third Party Vendor/Subservice Organization Management Program. This standard also requires additional sections describing the risk assessment process and the role of the Subservice Organizations in the overall operation of the system. These significant changes and modification may create additional burdens to companies but will help address gaps in the key areas of third-party vendor/subservice organization risk management.

Join a panel of key thought leaders and professionals, to discuss SSAE 18 and its impact on SOC examinations. Speakers will also provide the audience with practical strategies in complying with the new and clarified SOC reporting requirements.

Key topics include:

  • SSAE 18 Audit Standard: An Introduction
  • System and Organization Controls
  • Impact on SOC Engagements
  • SSAE 18 Reporting Requirements
  • SSAE 16 vs SSAE 18
  • Promises and Perils
  • What You Need to Know in 2018

Agenda

William Holman, Audit & Accounting Partner
Assure Professional, LLC
  • SSAE 18 Overview
    • Sec 100 Common Concepts
    • Sec 200 Level of Service
      • 205 – Examination Engagements
      • 210 – Review Engagements
      • 215 – AUP Engagements
    • Sec 300 – Subject Matter
      • 305 – Prospective Financial Information
      • 310 – Reporting on Pro Forma Financial Information
      • 315 – Compliance Attestation
      • 320 – Reporting on ICFR
  • Changes in SOC reporting between SSAE 16, SSAE 18, AT101, and SOC 2 guide
    • Closer alignment with COSO
      • Management oversight (CC1.2)
      • Quality information use to support internal control (CC2.1)
      • Objective based risk assessment (CC3.1)
      • Assessing changes (CC3.4)
      • Policies that establish expectations (CC5.3)
      • Detection and Monitoring Procedures (CC7.1)
      • Risk Mitigation (CC9.1)
    • Removal of many confidentiality criteria
  • Updated PI1.1

Ms. Kelly A. O'Callaghan CPA CITP, Partner
CohnReznick LLP
  • Impact on SOC Examinations
    • Background on Changes
      • Trust Services Criteria (TSC) aligned with COSO 2013 Framework
      • Restructuring of the TSC’s
      • Addition of:
        • supplemental criteria
        • points of focus
        • description criteria requirements
    • What is the Impact?
      • Increase in number of controls
      • Specific disclosures
      • What you need to do
  • SSAE 18 Reporting Requirements
  • Responsibility of Management of the Organization

Who Should Attend

  • CPAs
  • Internal Auditors
  • Service Auditors
  • Audit Committee
  • Risk & Compliance Managers
  • Chief Financial Officers
  • Operations Executives
  • Senior Management
  • Public Companies
  • Private Companies

Online CPE SSAE 18

William Holman, Audit & Accounting Partner
Assure Professional, LLC
  • SSAE 18 Overview
    • Sec 100 Common Concepts
    • Sec 200 Level of Service
      • 205 – Examination Engagements
      • 210 – Review Engagements
      • 215 – AUP Engagements
    • Sec 300 – Subject Matter
      • 305 – Prospective Financial Information
      • 310 – Reporting on Pro Forma Financial Information
      • 315 – Compliance Attestation
      • 320 – Reporting on ICFR
  • Changes in SOC reporting between SSAE 16, SSAE 18, AT101, and SOC 2 guide
    • Closer alignment with COSO
      • Management oversight (CC1.2)
      • Quality information use to support internal control (CC2.1)
      • Objective based risk assessment (CC3.1)
      • Assessing changes (CC3.4)
      • Policies that establish expectations (CC5.3)
      • Detection and Monitoring Procedures (CC7.1)
      • Risk Mitigation (CC9.1)
    • Removal of many confidentiality criteria
  • Updated PI1.1

Ms. Kelly A. O'Callaghan CPA CITP, Partner
CohnReznick LLP
  • Impact on SOC Examinations
    • Background on Changes
      • Trust Services Criteria (TSC) aligned with COSO 2013 Framework
      • Restructuring of the TSC’s
      • Addition of:
        • supplemental criteria
        • points of focus
        • description criteria requirements
    • What is the Impact?
      • Increase in number of controls
      • Specific disclosures
      • What you need to do
  • SSAE 18 Reporting Requirements
  • Responsibility of Management of the Organization

Online CPE SSAE 18

Online CPE SSAE 18

William HolmanAudit & Accounting PartnerAssure Professional, LLC

William Holman leads the service industry audit practice of Assure with 9+ years of combined public accounting and industry experience. Prior to joining Assure, he worked for a Florida-based SSAE 16 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.

Online CPE SSAE 18

Ms. Kelly A. O'Callaghan CPA CITPPartnerCohnReznick LLP

Kelly A. O’Callaghan, CPA, CITP, CGMA, is a partner with CohnReznick with more than 20 years of diversified public accounting experience that includes a concentration in auditing, IT audit, and accounting.  Kelly is the Firm’s IT Audit Practice Leader and has extensive experience working with clients to meet their SOC 1 (Service Organization Controls examination under SSAE No. 16, formerly SAS No. 70), SOC 2, and SOC 3 needs.  Kelly leads a dedicated IT Audit Practice that includes members with CPA, CISA, and CITP credentials.  She directs the IT audit procedures for approximately 200 financial statement audits, approximately 300 SOC 1 reviews related to employee benefit plan and financial statement audits, and approximately two dozen SOC examinations. Kelly is currently the engagement partners for the American Institute of Certified Public Accountants and has been part of the audit team since 2000.


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Online CPE SSAE 18

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast; Group-Internet Based

Prerequisite:
   Basic knowledge in financial reporting

Course Code:
   146872

NASBA Field of Study:
   Auditing - Technical

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credit:
    1 CLE 1 NASBA-CPE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

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: http://assureprofessional.com/

CohnReznick LLP is one of the top accounting, tax, and advisory firms in the United States, combining the deep resources of a national firm with the hands-on, agile approach that today's dynamic business environment demands. With diverse industry expertise, the Firm provides companies with the insight and experience to help them break through and seize growth opportunities. The Firm, with origins dating back to 1919, is headquartered in New York, NY with 2,700 employees in offices nationwide. CohnReznick is a member of Nexia International, a global network of independent accountancy, tax, and business advisors.

Website: http://www.cohnreznick.com

William Holman leads the service industry audit practice of Assure with 9+ years of combined public accounting and industry experience. Prior to joining Assure, he worked for a Florida-based SSAE 16 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.

Kelly A. O’Callaghan, CPA, CITP, CGMA, is a partner with CohnReznick with more than 20 years of diversified public accounting experience that includes a concentration in auditing, IT audit, and accounting.  Kelly is the Firm’s IT Audit Practice Leader and has extensive experience working with clients to meet their SOC 1 (Service Organization Controls examination under SSAE No. 16, formerly SAS No. 70), SOC 2, and SOC 3 needs.  Kelly leads a dedicated IT Audit Practice that includes members with CPA, CISA, and CITP credentials.  She directs the IT audit procedures for approximately 200 financial statement audits, approximately 300 SOC 1 reviews related to employee benefit plan and financial statement audits, and approximately two dozen SOC examinations. Kelly is currently the engagement partners for the American Institute of Certified Public Accountants and has been part of the audit team since 2000.

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