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Auditing in the Cloud (ACCD)
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Enterprises, both commercial and non-for-profit are moving many of their computer applications and data into "the cloud". Instead of having application software and data storage on site inside their enterprise, the software and data are lodged on computers owned by another enterprise, sometimes at completely unknown locations. The applications include the general ledger, A/R, A/P, and Fixed Asset Management that directly affect the financial statements. This structure raises serious auditing iss

10/13/2015
When: 10/13/2015
11:00 AM - 1:00 PM
Presenter: Jack Laschenski, CPA

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Enterprises, both commercial and non-for-profit are moving many of their computer applications and data into "the cloud". Instead of having application software and data storage on site inside their enterprise, the software and data are lodged on computers owned by another enterprise, sometimes at completely unknown locations. The applications include the general ledger, A/R, A/P, and Fixed Asset Management that directly affect the financial statements. This structure raises serious auditing issues. The "cloud" provider enterprise is a Service Organization under AU-C Section 402, Service Organizations (the Old SAS 70 updated by the Clarity Standards). So the financial statement auditor as a "user auditor" has to determine whether the controls at the cloud provider are adequate or if sufficient alternate data exists so that those controls are not relevant. The AICPA has provided guidance for the user auditor in AU-C Section 402. And the AICPA has provided new guidance for auditors of the controls in the service organization in SSAE 16, Reporting on Controls at a Service Organization. This course provides a tutorial on the responsibilities of both the user auditor and the service auditor, in the "cloud" environment.

  

Objectives: * Understand the nature of cloud computing services * Identify when the user auditor must apply AU-C Section 402 * Understand when a SSAE 16 report is or is not required * Know about alternate procedures to a SSAE 16 report * Understand the different types of SSAE 16 reports * Learn what is necessary to perform an audit of a service provider

 

Major Subjects: * The cloud environment * The risks to the user auditor * The new SSAE 16 reports on controls at a service organization * The AU-C Section 402 requirements for the user auditor * The SSAE 16 requirement for the service auditor

 

Designed for: Financial statement auditors, both for profit and not-for-profit enterprises; Accountants in the commercial and not-for-profit world who must know how to obtain a service audit, and what the service audit report must say

Prerequisite: Experience in auditing or being audited

 

Advanced Prep: None

 

Speaker: Jack Laschenski, CPA

 

Vendor: Surgent McCoy

 

Field of Study: Auditing (2)

 

Level: Update

 

CPE Credit: 2 Hours

 

Acronym: ACCD

 

Registration Fees: $89.00

 

 

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