CheckWriters Payroll is SSAE 16 Type II (SOC1) Compliant
(Formerly known as SAS 70 Audits)
There has been a significant increase in the demand for reports on the internal control at service organizations from companies that receive critical data services from payroll providers.
CheckWriters Payroll has achieved a successful SSAE 16 Type II (SOC1) audit certification. This designation differentiates us from other payroll vendors by demonstrating that we have established effective control objectives and performance.
SSAE 16 Overview
Statement on Standards for Attestation Engagements (SSAE),is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A service auditor's examination performed in accordance with SSAE 16 Type II (SOC1) is widely recognized, because it represents that a service organization has been through a rigorous audit of their control objectives, safeguards and control activities, which often include controls over information technology and related processes.
The SSAE 16 Type II (SOC1) report not only includes CheckWriters description of controls, but also a detailed testing of the controls over a defined period of time. The auditors perform tests of the controls supporting the control objectives to determine whether the controls were operating with sufficient effectiveness to provide reasonable assurance that the control objectives were achieved during the testing period, for example, from January 1 to December 31.
Such a review is important for service organizations that provide services that are critical to its customers' operations-the SSAE 16 Type II (SOC1) Certification provides third-party verification that, in turn, the organization's customers can supply for audits of their own operations (the audit meets Sarbanes-Oxley requirements).
Who Can Perform A SSAE 16 Type II (SOC1) Audit?
Only an independent certified public accountant (CPA) firm or an individual CPA can perform and issue a SSAE 16 audit. Audits are generally performed by controls-oriented professionals who have experience in accounting, auditing, and information technology.
While there are a vast number and variety of CPA firms from which to choose, it is critical that service organizations select a firm that is recognized nationally as a provider of high quality audit services. When user organizations or their auditors request SSAE 16 reports, they want to see an auditor's name they know they can trust
Benefits to Our Clients
Clients that obtain a Service Auditor's Report from CheckWriters Payroll receive valuable information including:
- a detailed description of our internal controls.
- an independent assessment of whether our controls were placed in operation, suitably designed, and operating effectively.
- information to aid our Clients in the preparation of their own financial audits.
- assurance that CheckWriters tests and controls the integrity of your data throughout the year.
- Sarbanes-Oxley Compliance.
Providing a Service Auditor's Report to the user's auditor will greatly assist the auditor in planning the audit of the user organization's financial statements.