CoreXchange Now Compliant with SSAE 16

CoreXchange has achieved audit compliance with the AICPA’s Statement on Standards for Attestation Engagements (SSAE) No.16, Type II.

With the help of SSAE 16 compliance it will be easier for CoreXchange customers to complete their own internal and third party audits, including those conducted under PCI, HIPAA, or SEC standards. SSAE 16 is an auditing standard superseding the previous Statement on Auditing Standards No. 70 (SAS (News - Alert) 70). Ensuring clients and their auditors that service organization control information is reported in an ethical and uniform manner, the SAS 70 has been an operations auditing standard since 1992. SAS 70 reports generated by service auditors signal that a service organization has had its control objectives and activities examined by an independent accounting/auditing firm, the company stated in a press release.

“CoreXchange customers demand enterprise-class reliability and security," according to Peter Pathos, chairman of CoreXchange, in a company press release. "Achieving SSAE 16 compliance is another level of assurance for our customers that CoreXchange data center facilities operate at the highest level of verified operational controls, procedures, and processes.”

Offering an assessment of how controls were placed in operation, if controls were properly designed, and a performance assessment measuring overall effectiveness, the new SSAE 16 service auditor report includes a detailed description of service organization controls. Additionally, conforming to new international service organization reporting standards under ISAE 3402, SSAE 16 improves upon the former SAS70 standards by enabling companies to operate internationally in a competitive fashion.

Recently, CoreXchange announced that it provided support for the American Red Cross to help it provide disaster relief services during the holiday season.

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