ISAE 3402 is an assurance standard. The title is "Assurance Reports on Controls at a Service Organization". It was published in June 2011 as a standard for documenting that a service organisation has adequate internal controls; although often approached from a financial reporting perspective, such as Sarbanes-Oxley, it can also be applied to other controls, such as information security, though it is often masked as such, without being a real ISC. ISAE stands for "International Standard for Assurance Engagements".
Like SAS 70 and SSAE 16, ISAE 3402 prescribes Service Organization Control reports, which help give assurance to the organisation's customers and service users, who may have their own assurance needs. There are two kinds of SOC reports:
- Type I: Documenting a "snapshot" of the organisation's controls
- Type II: Documenting over a period of time (typically 6 months) showing controls have been managed over time.
ISAE 3402 was developed by the IAASB (International Auditing and Assurance Standards Board), but it is also supported by the IFAC (International Federation of Accountants). It supersedes SAS 70, and puts more emphasis on procedures for the ongoing monitoring and evaluation of controls.
Video ISAE 3402
See also
- ISAE 3000
- Sarbanes-Oxley Act
- SAS 70
- SSAE 16
Maps ISAE 3402
External links
- Deloitte, What is ISAE 3402?
- ISAE 3402
- Ernst and Young, Implementing and maintaining ISAE 3402
- International ISAE3402 register
- ISAE 3402 library (Dutch)
- ISAE3402 register (Netherlands)
- ISAE3402 information (Dutch)
References
Source of article : Wikipedia
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