3402 2

ISAE 3402, titled Assurance Reports on Controls at a Service Organization, is an international assurance standard that describes Service Organization Control (SOC) engagements, which provides assurance to an organization's customer that the service organization has adequate internal controls. ISAE 3402 was developed by the International Auditing and Assurance Standards Board (IAASB) and published by the International Federation of Accountants (IFAC) in 2009. It supersedes SAS 70 and puts more emphasis on procedures for the ongoing monitoring and evaluation of controls. An ISAE 3402 attestation including an audit report is regarded as a quality criterion for service providers that distinguishes them from competitors.