Print & Mail Fulfillment Companies and the Need for a SSAE 16 (SOC 1) or SOC 2 Audit Report in Today's Competitive Market

In an increasingly competitive business environment, SSAE 16 (SOC 1) and SOC 2 Audits are providing print & mail fulfillment companies a competitive advantage. SSAE 16 Professionals, LLP has assembled top tier talent whose sole focus is on helping print & mail fulfillment companies undergo the SSAE 16 (SOC 1) or SOC 2 audit.

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Delivering SSAE 16 Type I and Type II Reports

SSAE 16 Professionals, LLP

Print & mail fulfillment companies are choosing SSAE 16 Professionals to perform their SSAE 16 or SOC 2 audit because of our personalized approach. We have a unique blend of expertise coupled with good old fashioned client service.

Irvine, CA (PRWEB) October 22, 2012

SSAE 16 Professionals has unveiled a specialty service line focusing on SSAE 16 (SOC 1) and SOC 2 reports for print & mail fulfillment companies. Print & mail fulfillment houses are tasked with a wide range of tasks, including taking customer orders, storing customer information in a secure environment, printing, picking & packing, shipping, inventory control, providing on-going customer service activities, and reporting. Many print and mail fulfillment centers must maintain storage facilities that are secured and controlled. Performing a SSAE 16 audit provides the necessary transparency when it comes to internal controls around security, billing, lettershop, and other critical control objectives which may impact their customers’ financial statements.

“Print & mail fulfillment companies are choosing SSAE 16 Professionals to perform their SSAE 16 or SOC 2 audit because of our personalized approach,” says Jim Jimenez, Managing Partner at SSAE 16 Professionals. “We have a unique blend of expertise coupled with good old fashioned client service.”

Industry Need

SSAE 16 audit reports, also known as SOC 1 Reports, which have effectively replaced SAS 70 reports, will be prepared in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization. SOC 1 audit reports retain the original purpose of SAS 70 by providing a means of reporting on the system of internal control for purposes of complying with internal control over financial reporting.

In the past, SAS 70 reports encompassed financial reporting controls, operational controls, and compliance controls. SSAE 16 SOC 1 reports can no longer be used for any other purpose except for reporting on the system of internal control for purposes of complying with internal control over financial reporting. For reports that are not specifically focused on internal controls over financial reporting, the AICPA has issued an interpretation under AT Section 101 permitting service auditors to issue reports. These reports will now be considered SOC 2 audit reports. SOC 2 reports will focus on controls at a service organization relevant to one or more of the following Trust Services principles: Security, Availability, Processing Integrity, Confidentiality, and Privacy.

SSAE 16 (SOC 1) & SOC 2 Type I and Type II Audit Reports

SSAE 16 Professionals completes both SSAE 16 (SOC 1) and SOC 2 Type I Audit Reports and SSAE 16 (SOC 1) and SOC 2 Type II Audit Reports.

  •     SSAE 16 and SOC 2 Type I Reports - A report on policies and procedures placed in operation as of a specified point in time. SSAE 16 and SOC 2 Type I Reports evaluate the design effectiveness of a service provider’s controls and then confirms that these controls have been placed in operation as of a specific date.
  •     SSAE 16 and SOC 2 Type II Reports - A report on policies and procedures placed in operation and tests of operating effectiveness for a period of time. SSAE 16 and SOC 2 Type II Reports include the examination and confirmation steps involved in a Type I examination plus include an evaluation of the effectiveness of the controls for a period of at least six calendar months. Most user organizations require their service provider to undergo the Type II level examination for the greater level of assurance it provides.
About SSAE 16 Professionals

SSAE 16 Professionals, LLP is a leading PCAOB registered accounting firm that specializes in SSAE 16 (SOC 1) and SOC 2 audits, SSAE 16 (SOC 1) and SOC 2 readiness reviews, and other IT audit and compliance reports. Each of our professionals has over 10 years of relevant experience at “Big 4” and other large international or regional accounting firms. Each professional is certified as a CPA (Certified Public Accountant), CISA (Certified Information Systems Auditor), CIA (Certified Internal Auditor), CISSP (Certified Information Systems Security Professional), CRISC (Certified in Risk and Information Systems Control) and/or MBA (Master of Business Administration). For more information, please visit http://www.SSAE16Professionals.com.


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Attachments

SSAE 16 is a report on controls at a service organization relevant to user entities' internal control over financial reporting (ICFR) SSAE 16 (SOC 1) Reports

SSAE 16 is a report on controls at a service organization relevant to user entities' internal control over financial reporting (ICFR)


Whereas SSAE 16 Reports focus on internal controls over financial reporting, SOC 2 Reports focus on controls related to Security, Availability, Processing Integrity, Confidentiality, and Privacy SOC 2 Reports

Whereas SSAE 16 Reports focus on internal controls over financial reporting, SOC 2 Reports focus on controls related to Security, Availability, Processing Integrity, Confidentiality, and Privacy


SOC 3 Reports are a Trust Services Report for service organizations SOC 3 Reports

SOC 3 Reports are a Trust Services Report for service organizations


Are you getting asked by your customers for a “SSAE 16 Report” on your internal controls, but are uncertain about what is involved or how to proceed? SSAE 16 Professionals

Are you getting asked by your customers for a “SSAE 16 Report” on your internal controls, but are uncertain about what is involved or how to proceed?