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How long is the PCI DSS AoC valid? The effective period for compliance begins upon passing the audit and receiving the AoC from the Qualified Security Assessor (QSA) and ends one year from the date the AoC is signed.

A SAS 70 security audit is a detailed report by a certified public accountant (CPA) or a licensed public accounting firm. Either the CPA or the firm must perform the audit according to specific industry standards regarding the planning, execution, and supervision of the audit.

Examples of attestation agreements are listed below: Agreed-upon procedures engagements. Reporting on financial forecasts and projections. Reporting on pro forma financial information.

One of the things to keep in mind to differentiate each of these services is that audits are performed to discover data, risks, or compliance issues that may not have been known before the audit took place, and attestation is to evaluate and review how true the data or information is when compared to a stated purpose,

Why did SSAE 16 replace SAS 70? In an effort to move toward international accounting standards, the AICPA issued Statement of Standards for Attestation Engagements 16 (SSAE 16) in April 2010. It replaced SAS 70 and was designed to closely mirror International Standard on Assurance Engagements 3402 (ISAE 3402).

An AoC must be completed by a Qualified Security Assessor (QSA) or the merchant if the merchant's internal audit performs validation.

An attestation engagement is an arrangement with a client where an independent third party investigates and reports on subject matter created by a client. Examples of attestation engagements are: Reporting on financial projections made by a client. Reporting on pro forma financial information formulated by a client.

Consider the following examples: An individual witnesses a crime. They write an attestation letter detailing what they saw and sign the letter. A third party also signs the letter, attesting to the authenticity of the witness' signature.

The goal of attestation standards are to provide guidance, set boundaries around a growing service line, define a measure of quality, and outline the objectives that should be reached when performing attestation engagements.

SAS 70? is an internationally recognized third party assurance audit designed for service organizations. It has become the most widely accepted compliance initiative that provides service organizations a benchmark to compare their internal controls and processes against industry best practices.