SSAE 16 Readiness Assessments and 5 Important Points to Know Provided by NDB Accountants

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SSAE 16 has now become without question the globally recognized third party assurance assessment being performed on today's vast, complex and ever changing service organizations. Because of the continued growth of these very service organizations and their services provided, many of them are having to undertake SSAE 16 compliance, but at the same time, are unsure where to begin as SSAE 16 can be a time-consuming and arduous process. As such, take note of the 5 important points of advice regarding SSAE 16 Readiness Assessments and how to effectively prepare your organization for an SSAE 16 Type 1 or Type 2 assessment.

SSAE 16 Assessment Experts

SSAE 16 Assessment Experts

SSAE 16 has now become without question the globally recognized third party assurance assessment being performed on today's vast, complex and ever changing service organizations. Because of the continued growth of these very service organizations and their services provided, many of them are having to undertake SSAE 16 compliance, but at the same time, are unsure where to begin as SSAE 16 can be a time-consuming and arduous process. As such, take note of the 5 important points regarding SSAE 16 Readiness Assessments and how to effectively prepare your organization for an SSAE 16 Type 1 or Type 2 assessment.

1. Identify and agree on critical parameters of the audit. One of the most important aspects of a SSAE 16 Readiness Assessment is to properly identify the "who, what, when, where, and why" of the actual assessment itself. Specifically, what is the scope of the audit, what business processes are to be examined, what personnel and physical locations are to be included, along with various other important points. A well-qualified, PCAOB CPA firm can assist you in planning for an SSAE 16 Readiness Assessment.
2. Undertake a formal gap analysis. After properly scoping the assessment process, organizations need to embark upon an actual gap analysis for determining areas of remediation. And without question, there will be areas that need attention given to them, such as developing documented policies and procedures, etc. Thus, the formal gap analysis is essentially the actual SSAE 16 Readiness Assessment.
3. Remediate. Great, problems were found and identified, now act upon them and correct these issues in a comprehensive manner. Not doing so means that organizations are setting themselves up for enormous difficulties and challenges when the actual assessment process begins for SSAE 16 compliance.
4. Test, if Necessary. Remediate means much more than simply implying that it's been corrected. What's important to note is that for any systems or processes that are deemed critical, in-scope, and initially required remediation, testing them for compliance - before the actual SSAE 16 auditors do - is a good idea.
5. Commence with the Actual SSAE 16 Type 1 or Type 2 Assessment. Ready, set, go with the SSAE 16 Type 1 or Type 2 assessment. Good Luck!

NDB Accountants - A nationally recognized PCAOB CPA firm specializing in SOC reporting.
Contact Christopher G. Nickell at 1-800-277-5415, ext. 706 to learn more about our competitive, fixed fee rates for SSAE 16 Type 1 and Type 2 reporting.

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Chris Nickell
NDB
1-800-277-5415 706
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Charles Denyer
NDB
1-800-277-5415 705
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