![]() Goodbye SAS 70 and SSAE 16, and Hello to SSAE 18 Now, the SSAE 16 standard has been replaced by the SSAE 18 standard for reporting opinions dated on or after May 1, 2018. ![]() SOC 2, specifically, when are they applicable, what is the respective scope for each, and what similarities or differences do they each share. With the SSAE 16 standard (which is used for issuing SOC 1 reports) effectively replacing the longstanding SAS 70 auditing standard for reporting periods ending on or after June 15, 2011, there's been much debate regarding SOC 1 vs. ![]() Officially, SOC standards for " System and Organization Controls", which allows qualified practitioners (i.e., licensed and registered Certified Public Accountants) to issue SOC 1, SOC 2, and/or SOC 3 reports. SOC 2 discussion is well under way, thanks in large part to the American Institute of Certified Public Accountants' ( AICPA) launch of their new service organization reporting platform, known as the SOC framework.
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