The Statement on Standards for Attestation Engagements No.16 provides standards for providing auditing report that was authorized by the American Institute of Certified Public Accountants(AICPA).
SSAE 16 is an audit report about the organization that replaces SAS 70 by SOC. SSAE 16 provides authorized guidance that provides a complete report about the organization. Service Organisation Control (SOC) is a compliance standard, the Otava provides a safe environment for the data and maintenance of all financial records and reporting regulations.
The new standards for producing internal reports about the organization are complied using International Standard on Assurance Engagements No. 3402 (ISAE 3402). To issue the SSAE 16 certificate the companies must fall under the Public Company Accounting Reform and Investor Protection Act also called as Sarbanes-Oxley or SOX that provides a detailed report about internal control including the financial reports.
How to Choose SSAE 16 Compliance?
The SSAE 16 Type I and Type II provides reports which communicate information that manages the organization’s services, and organization systems also they provide an independent snapshot of the organization on a particular day and history of records that were managed over the period of time.
The cloud storage satisfies all standards that include SSAE16/SOC 1, SOC 2, SOC 3 and all the industries follow the standard procedures to maintain the user data secured and provides customized organization needs.
The SOC 2 standard has significant features for data centers that have security, availability, integrity, confidentiality, and privacy to provide a secured audited environment for the data and applications.
- The SOC 1 report contains a detailed report about
Rackspace controls, internal controls over financial reporting, cloud servers
and files and has SOC 1 report for dedicated servers, the standards used for
audit report are SSAE No.18, AT-C section 320, and the reporting period
coverage is 12 months.
- The SOC 2 provides a report description of Rackspace
control, third party audit report that meets the criteria, the standards used
are SSAE No.18, AT-C 105, AT-C 205, and TSP Section 100A, the report issuing
period id 12 months.
- The SOC 3 delivers reports that are visible to the
public that is issued for the organisation when they meet security, principles,
and criteria by AICPA Trust services. The standards are SSAE No.18, AT-C 105,
AT-C 205, and TSP Section 100A and the issuing period is one year.