Briefly explain how a SSAE 16 report is used in assessing internal controls of outsourced facilities
The internal controls over the outsourced services reside at the vendor location. They are audited by the vendor's auditor, who expresses an opinion and issues a SSAE 16 report on the control adequacy. The Type 1 report attests to the vendor management's description of their system and the suitability of the design of controls. The Type 2 report goes further and includes an assessment on the operating effectiveness of the controls.
You might also like to view...
An example of a competency related to soft skills is calmly arriving at resolutions to conflicts
Indicate whether the statement is true or false.
Project ________ involves justifying whether an opportunity is attractive in the marketplace; project ________ involves evaluating the strategic and economic impact of a new venture.
A. definition; impetus B. impetus; definition C. development; focus D. reward; development
Which of the following is a legally required fringe benefit that must be provided by employers with 50 or more employees within a radius of 75 miles of their home office?
A. Severance pay B. Auto insurance C. Alcohol and drug rehabilitation D. Family and medical leave
The ADA holds a business responsible for providing:
A) guaranteed jobs for disabled workers B) opportunities for disabled workers C) opportunities for drunk workers D) retirement benefits for disabled workers