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AICPA SSAE-16 Compliant Hosting

ssae16Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization, was finalized by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) in January 2010.  SSAE 16 effectively replaces SAS 70 as the authoritative guidance for reporting on service organizations. SSAE 16 was formally issued in April 2010 and became effective on June 15, 2011. SSAE 16 was drafted with the intention and purpose of updating the US service organization reporting standard so that it mirrors and complies with the new international service organization reporting standard – ISAE 3402.  SSAE 16 also establishes a new Attestation Standard called AT 801 which contains guidance for performing the service auditor’s examination. Many service organizations that previously had a SAS 70 service auditor’s examination (“SAS 70 audit”) performed converted to the new standard in 2011 and now have a SSAE 16 report instead – also referred to as a Service Organization Controls (SOC) 1 report. User organizations that obtain a Service Auditor’s Report from their service organization(s)

  • receive valuable information regarding the service organization’s controls and the effectiveness of those controls.
  • receives a detailed description of the service organization’s controls and an independent assessment of whether the controls were placed in operation, suitably designed, and operating effectively (in the case of a Type II report).

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Or Contact a Local Expert:

Jubin Pejman – Managing Director – US Sales

For US Sales Email Jubin at: jubin@fcm360.com

Jubin has over 20 years of E-Commerce and application hosting and development experience. In his roles at LTCM, JP Morgan’s Lab Morgan, GFI Group and Check Free Investment Services he built trading applications for some of the world’s largest financial companies. Jubin has helped thousands of organizations with their complex hosting requirements over the past decade.

Peter Heales – Managing Director – EMEA

For EMEA Sales Email Peter at: pheales@fcm360.com

Peter has over 30 years experience in the business. As former head of derivatives operations EMEA at Bear Stearns, European Chairman of the Futures Industry Association and other leadership roles at JP Morgan and ICAP Peter helped numerous clients achieve their goals and run successful operations.


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