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Governance, Risk, Audit & Privacy · Advanced

ISAE 3402

International assurance standard for reports on controls at service organizations, equivalent to SOC 1.

Definition

Issued by the International Auditing and Assurance Standards Board, ISAE 3402 governs service organization control reports relevant to user entities' financial reporting outside the US. ISAE 3000 is used for non-financial assurance such as SOC 2-equivalent reports.

Example

A European payroll bureau provides an ISAE 3402 Type II report to clients.

Exam tip

ISAE 3402 corresponds to SOC 1; ISAE 3000 is the general assurance standard.

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