What Does the Type 1 Statement on Standards for Attestation

question 2

Multiple Choice

What does the Type 1 Statement on Standards for Attestation Engagements 16 (SSAE 16) report?

• A)It reports on the upfront infrastructure costs of a firm and on projects that differentiate their core business processes.
• B)It reports on the issues faced by an organization integrating with a cloud computing environment.
• C)It reports on the suitability of the design of the controls of an application service provider over a period of time.
• D)It reports on the fairness of the presentation of management's description of a service organization's system.

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Definitions:

Purposes

The intended or desired outcomes or goals of actions, projects, or entire organizations.

Dollar Amount

Represents a numerical monetary value and is used in financial transactions to indicate the currency value.

Fiscal Year

A one-year period used by governments and businesses for accounting purposes, which may or may not align with the calendar year.

Landfill

A disposal site where waste is buried under layers of earth to prevent contamination.