SAS 70s Are Changing
6/22/2010
Statement on Standards for Attestation Engagements No.16, Reporting onControls at a Service Organization (“AT 16”), issued by the Auditing Standards Board of the American Institute of Certified Public Accountants in April 2010, and auditing standard Audit Considerations Relating to an EntityUsing a Service Organization, will supersede the previous guidance in SAS 70, whose reports serve as a “report card” on service organizations and provide information on factors an independent auditor should consider when auditing the financial statements of an entity that uses service providers to process transactions.
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