The Trust Services Principles and Criteria are a set of professional attestation and advisory services that form the basis for both the WebTrustTM and SysTrustSM Services. The Trust Services are a broad-based set of principles and criteria put forth jointly by the American Institute of Certified Public Accountants (AICPA) and the Chartered Professional Accountants of Canada (CPA Canada). In today’s global economy, companies are relying more and more on complex and powerful information technology systems. In order to gain the trust of key stakeholders, many companies choose to undergo a WebTrustTM or SysTrustSM audit when a SOC 1 SSAE 16 or SOC 2 AT 101 audit is not appropriate.
A Trust Services audit is performed by a licensed CPA firm and can be a key differentiator in today’s competitive global market. With today’s dependence on information systems, Trust Services provides comfort around key business processes by ensuring information systems provide timely and reliable information, while maintaining privacy and confidentiality of information.
The WebTrust service is primarily designed for e-commerce systems and is comprised of a family of assurance services including:
As with the WebTrust service, the SOC 3 SysTrust for Service Organizations is comprised of a family of assurance services designed for a wide variety of information technology based systems that are defined by the entity. The scope of these reports can include one or more of the following Principles and Criteria:
Unlike a SOC 2 report (which is a restricted use report), WebTrustTM and SysTrustSM reports are general use reports, which means upon attainment of an unqualified report, they can be freely distributed or posted on a website as a seal for one full-calendar year from the date of issue. This is important, as the report can provide comfort to your company’s many key stakeholders including customers, business partners, creditors, bankers, regulators, and other stakeholders who may rely on e-commerce and information technology systems.
Many companies undergoing a SOC 3 audit for the first time choose to perform a Readiness Assessment prior to undergoing the SOC 3 audit. For more information regarding the benefits of our Readiness Assessment services, please click here.
SSAE 16 Professionals has assembled top tier leadership to help our clients through the SOC 3 process. For further information regarding SSAE 16 reports, or to request a fee proposal from SSAE 16 Professionals, please visit our Contact Us page to submit an informational form or call1-866-480-9485 today. We look forward to hearing from you!