Understanding the Requirements of SSAE18

Overview:

This course will help you if your organization has the need to obtain or provide a SOC (Service Organization Control) report or if you wonder what changes the new SSAE 18 standard will bring to the process. SSAE 18 is effective for SOC report opinions dated on or after May 1, 2017 and early adoption is permitted. This course focuses on the specific requirements of SSAE18 and highlights changes from SSAE16.

Why should you Attend: In today's economic environment, many companies utilize outsourced services to perform varied functions. These functions can span from payroll and accounts payable to information technology processes or even call center functions. The list can be endless however these services are often a critical component to the internal control environment of the organization.

Areas Covered in the Session:

• Explore the requirements of Statement on Standards for Attestation Engagements (SSAE) No. 16
• Explore the impetus of SSAE 18
• Discover the meaning of subservice organizations
• Recognize specific changes related to monitoring controls at sub-service organizations
• Discover the concept of a more detailed risk assessment for subservice organizations
• Discover the concept and requirements of complementary controls
• Explore the modification to assertion criteria and written assertion
• Explore the need for evidence provided by service organizations

Who Will Benefit:

• Internal Auditors
• External Auditors
• SSAE Providers
• Legal Professionals
• Compliance Professionals
• SOX Professionals
• Accounting and Finance Professionals

Speaker Profile
Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.

Ms. Fountain has held two Chief Audit Executive positions for international companies. She was a member of the senior leadership team for Aquila Inc. in Kansas City, MO, until the sale of the utility in 2008. At Aquila, she was responsible for Internal Audit, Enterprise Risk Management and Sarbanes-Oxley. She was an integral member of the senior leadership team that effectively executed the sale of the utility.