SSAE 16 (Fomerly SAS 70)
As a provider of data center services to some of the largest publicly traded companies in the world, DataBank is committed to performing SSAE 16 audits on a regular basis.
Officially known as a “Report on Controls Placed in Operation and Tests of Operating Effectiveness” or a “Type II Service Auditor’s Report”, Type II SSAE 16 audits ensure independent third party verification by a licensed CPA firm as to whether control activities described by a service provider are suitably designed to meet specified control objectives and are in place and operating effectively over a period of time that is typically at least a six-month period.
Type II reports are generally required by a service provider’s customers and their auditors. Type II reports are the de facto standard for using the work of a third party as a substitute for performing first-hand verification in conjunction with financial statement audits or Sarbanes-Oxley compliance.