The Statement on Standards for Attestation Engagements 16 (SSAE 16)is a regulation created by the Auditing Standards Board (ASB)of the American Institute of Certified Public Accountants (AICPA).What does it define?
A)It defines the method in which service companies must report on their compliance controls.
B)It defines the knowledge and skills required to operate core processes effectively.
C)It defines the integration of public and private clouds through networking.
D)It defines the issues faced by an organization integrating with a cloud computing environment.

Question

Quizplus · Accepted Answer

SSAE 16 defines the method in which service companies must report on their compliance controls. It replaced the Statement on Auditing Standards No. 70 (SAS 70) and focuses on ensuring that service organizations have adequate internal controls over financial reporting.