HomeWebcastThe SSAE 18 Audit Standard: Significant Trends and Developments Explored!
Online CPE SSAE18 Audit CLE

The SSAE 18 Audit Standard: Significant Trends and Developments Explored!

Live Webcast Date: Thursday, April 25, 2019 from 3:00 pm to 4:00 pm (ET)
Accounting (CPE)Business and Corporation CLE & CPERecording

Online CPE SSAE18 Audit

Join us for this Knowledge Group Online CPE SSAE18 Audit Webinar. For the past years, several updates to service organizations’ auditing standards have been made. The latest is the Statement of Standards for Attestation Engagements (SSAE) 18 which is a series modifications intended to improve the effectiveness of System and Organization Controls (SOC) reports. More comprehensive than the SSAE 16 standard, (SSAE) 18 requires concerned service organizations to implement formal third party vendor management program and an annual risk assessment process.

However, in July 2018, the Auditing Standards Board (ASB) has proposed further changes to SSAE 18 with emphasis on agreed-upon procedures engagements, AT-C section 210, and written assertion requests.

Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they introduce the audience to the basics of the SSAE 18 Audit Standard and delve into the current developments and recent court rulings involving this significant topic. Speakers will also provide the audience with practical strategies in complying with the new and improved SOC reporting requirements.

Key issues that will be covered in this course are:

  • SSAE 18 Audit Standard: An Introduction
  • SSAE 18 Reporting Requirements
  • Proposed Changes
  • Updates on SOC 1 and SOC 2
  • Promises and Perils
  • What You Need to Know in 2019

Agenda

SEGMENT 1:
Rosemary Rehner, Director
Barnes Wendling CPAs
  • 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
  • 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

SEGMENT 2:
William Holman, Audit & Accounting Partner
Assure Professional, LLC

 

And


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 SSAE18 Audit

SEGMENT 1:
Rosemary Rehner, Director
Barnes Wendling CPAs
  • 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
  • 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

SEGMENT 2:
William Holman, Audit & Accounting Partner
Assure Professional, LLC

 

And


Online CPE SSAE18 Audit

Online CPE SSAE18 Audit

Rosemary RehnerDirectorBarnes Wendling CPAs

Rosemary Rehner is a director in the accounting and assurance services department. Her audit experience in public accounting includes both private and public company clients. Prior to joining Barnes Wendling CPAs in 2007, Rosie served as a senior manager in Ernst & Young LLP’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. In addition, through hundreds of employee benefit plan audits completed throughout her career, she has gained a proficient understanding of the U.S. GAAP reporting requirements and the requirements established by the Department of Labor’s Employee Benefits Security Administration. Rosie also has experience in assisting clients with internal controls and has performed both consulting and auditing  engagements, including SOC 1® and SOC 2® audits and assistance with the implementation of Section 404 of the Sarbanes- Oxley Act. Rosie understands the importance of information technology (IT) and has had an active role with the IT portions of financial statement audits since the beginning of her career. She enjoys assisting clients with strengthening their control environments for both financial and IT related processes.

Online CPE SSAE18 Audit

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.


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Online CPE SSAE18 Audit

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:
   147949

NY Category of CLE Credit:
   Areas of Professional Practice

NASBA Field of Study:
   Auditing - Technical

Total Credit:
    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.

Barnes Wendling CPAs has been enhancing the financial health of Northern Ohio’s closely-held enterprises since 1946. We provide the traditional services our clients expect, such as financial statements, accounting, and

individual and corporate tax returns. Our clients deserve more than just the ordinary, therefore we developed an integrated, strategic planning BRISE model to build and maintain your net worth. Our team of skilled,  experienced professionals focus on building and maintaining the net worth of each client, whether it’s a privately-held business or not-for-profit.

Website: https://www.barneswendling.com/

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/

Rosemary Rehner is a director in the accounting and assurance services department. Her audit experience in public accounting includes both private and public company clients. Prior to joining Barnes Wendling CPAs in 2007, Rosie served as a senior manager in Ernst & Young LLP’s assurance and advisory business services group, working on audits of large public and nonpublic companies in the professional services, manufacturing, distribution, and construction industries. In addition, through hundreds of employee benefit plan audits completed throughout her career, she has gained a proficient understanding of the U.S. GAAP reporting requirements and the requirements established by the Department of Labor’s Employee Benefits Security Administration. Rosie also has experience in assisting clients with internal controls and has performed both consulting and auditing  engagements, including SOC 1® and SOC 2® audits and assistance with the implementation of Section 404 of the Sarbanes- Oxley Act. Rosie understands the importance of information technology (IT) and has had an active role with the IT portions of financial statement audits since the beginning of her career. She enjoys assisting clients with strengthening their control environments for both financial and IT related processes.

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.

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