Bruce-Here’s an advisory alert from AuditOne that may be of interest to you.
AuditOne Inc. Advisory Alert Changes to SAS 70 Requirements
AuditOne Inc. is dedicated to staying current on all the changes, nuances, and requirement techniques of the SSAE16 process. This Advisory Alert announces important changes to the traditional SAS 70 Types I and II reporting process. The new rules, entitled Statement on Standards for Attestation Engagements #16 (SSAE16) replace the SAS 70 rules, and become effective for reports for periods ending on or after 6-15-2011.
1) Under SSAE16, the service provider must provide a written statement of "the description of the provider's system" that will be included in Section 2 of the SSAE16 report. This is new and not previously required. This system description is to include: how the system was designed and implemented to process relevant transactions; any material changes to the system during the period covered; statement of the system controls.
2) The service provider will provide an “Assertion by Management” of a Service Organization for a Type I or II Report. While this is technically new, it is basically the same content as the "Representation Letter" now done for SAS 70s. The major difference is that this new Assertion by Management letter must now be incorporated into the SSAE16 report.
3) The SSAE16 can be accomplished by either the "Carve-Out Method" or the "Inclusive Method." The Inclusive Method includes a description of the nature of the services and controls provided by subservice organizations. The Carve-Out Method does not examine the controls of the subservice organizations' systems.
Bud Genovese is Managing Director of AuditOne Inc, California-based CPA firm whose skilled audit, technical and security experts deliver the highest quality, cost-effective, responsive SSAE16 and SAS 70 service in the industry. Contact Bud Genovese at 408-980-8099 firstname.lastname@example.org AuditOne Inc. www.auditoneinc.com
I wanted to contact you and see if Nortel has any interest in becoming a SSAE 16 compliant data center. As you may know SAS 70 is transitioning to SSAE 16, and the New Standards will require changes to data center reports and reporting processes.
I specialize in working with data centers / collocation that are looking to deploy the SAS 70 / SSAE 16 Type I / II audit process within their company by preparing the documents, developing the processes and training your team. I also work hand and hand with the SAS 70 / SSAE 16 CPA firm to resolve any issues before they appear in a report.
If I can be of service to you, please do not hesitate to contact me.
SAS70 / SSAE 16 Specialist
My firm, T5 Partners, LLC is developing two data center shells outside of Charlotte NC - thought I'd make you aware of this in case Nortel, or any of your clients, has a future need. We build the shells in strategic locations meeting data center users' criteria for the site selection and then sell or lease the facilities to the end-user. This allows the end-user to design the interior according to his exact specs on density, redundancy, etc with complete control - we are not a colo operator.
Our sites re in the Duke Energy footprint with costs or $0.0392/kwh and generation that is 50% nuclear for reduced carbon emissions. We have completed the due diligence on these sites and are happy to share with you or your team including: robust/diverse power, multiple fiber solutions, reduced taxes, incentives, dual water sources, etc.
We can arrange financing of the entire build as well for certain credit users. If you're interested in receiving more info on our two properties, please email me directly at jchartrand@ t5-mcf.com or call 404.993.5996.
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