As all businesses seek to ensure that they have assurance that their risks are being mitigated effectively for their own governance purposes, service providers are facing demands from their customers and their potential customers for controls assurance that they can rely upon too. For global businesses this can include their operations in many countries.
The best known assurance standards are SSAE16, ISAE3402 and AAF 01/06. It is increasingly common for service providers to be asked for an assurance report under one of these as part of their customers’ procurement process.
BDO's Risk and Advisory Services (RAS) specialists offer global controls assurance services as a key source of independent assurance and advice over the design and operation of internal control frameworks. We have been undertaking control assurance assessments for many years for a wide range of service providers throughout the world.
Controls assurance can provide genuine competitive advantage, differentiating the business from its competitors by providing independent validation of the operation of a robustly designed control framework.