SSAE 16 – For Whom

A SSAE 16 review is applicable when elements of a company’s processes are performed by a service provider and the company:

  • Needs assurance over the system of internal controls at the provider because the services/transactions affect their financial statements.
  • Needs assurance that the service provider is fulfilling contractual obligations.
  • Wants to gain a better understanding of their role in controlling the process.

There are numerous types of services that may be performed by an outsourced service provider:

  • Payroll
  • Investment Management
  • Custody and Trust
  • IT Processing
  • Human Resources
  • Benefit Management
  • Web Hosting
  • Credit Card Processing
  • 401k Management
  • Telecommunications
  • Finance
  • Accounts Payable
  • Accounts Receivable
  • Commodity Trading Support