Events Search
  Summary & Check Out (0)
Thursday, January 26, 2023 Live Webcast

Keys of SOC Reports - Following SSAE 18 Requirements (X4-4234459)

11:00 AM - 1:00 PM EST
webcast

Vendor Platform

2.0 CPE Credits in AA

OVERVIEW

Today's businesses have seen a dramatic increase in the use of outsourced providers to assist with executing processes from payroll, accounts payable, information technology, benefit plan administration and many other core processes. These processes ultimately have an impact on an organization's internal control over financial reporting but also could impact compliance and operational issues In 2011, the Statement on Standards for Attestation Engagements (SSAE) 16 replaced the former Statement on Auditing Standards (SAS) 70. In May 2017, a new standard, SSAE 18, superseded SSAE 16 The concepts covered in this course are referred to as a Service Organization Control Report (SOC). Organizations who utilize outsourced providers should understand the various types of SOC reports, their intended use and their implication on a company's financial reporting process, regardless of your status as a publicly traded or privately held organization. The process can be complicated to understand as a user organization. Currently, several types of SOC Reports exist including: SOC 1 - Type 1 SOC 1 - Type 2 SOC 2 - Type 1 SOC 2 - Type 2 SOC 3 Cybersecurity SOC This course speaks briefly to the transition from SAS 70 to SSAE 16 and now SSAE 18. However, the focus is on the various Service Organization Control Reports, their purposes and uses

DESIGNED FOR

CPAs, Corporate personnel working with SOC providers, consultants providing SOC reports

BENEFITS

Explore the transition of the accounting standards from Statement on Auditing Standards (SAS) 70 to Statement on Standards for Attestation Engagements (SSAE) 16 and now SSAE 18 Recognize the various types of service and subservice organizations Explore procedures to conduct a SOC (Service Organization Control) 1 engagement, develop proper control objectives and determine specific reporting methods Explore procedures to conduct and report on a SOC 2 engagement Recognize the requirements for SOC 3 reports Explore the SOC cybersecurity requirements Recognize the requirements to prepare for a SOC engagement Recognize the requirements for user entities

HIGHLIGHTS

  • Explore the transition of the accounting standards from Statement on Auditing Standards (SAS) 70 to Statement on Standards for Attestation Engagements (SSAE) 16 and now SSAE 18
  • Recognize the various types of service and subservice organizations
  • Explore procedures to conduct a SOC (Service Organization Control) 1 engagement, develop proper control objectives and determine specific reporting methods
  • Explore procedures to conduct and report on a SOC 2 engagement
  • Recognize the requirements for SOC 3 reports
  • Explore the SOC cybersecurity requirements
  • Recognize the requirements to prepare for a SOC engagement
  • Recognize the requirements for user entities

COURSE LEVEL

Basic

ADDITIONAL NOTES

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

INSTRUCTOR

Lynn Fountain

Lynn Fountain, CGMA, CRMA, M.B.A.

AICPA

Lynn Fountain, CGMA, CRMA, MBA Overland Park, Kansas Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks. Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013. Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.

PRICING

$85.00 - Member

$115.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

ACPEN