Megasys has successfully completed the SSAE 18 assessment and has been awarded compliant assessment following an intensive, independent review by Elliott Davis, a national accounting firm.
The SOC 1 audit (part of SSAE 18) is widely recognized for the intensive scrutiny it puts systems of the organization, through, in terms of their control activities related to business processes, which are relevant to user entities’ internal control over financial reporting. The SSAE 18 audit is the new standard and supersedes the SSAE 16 report. The major changes present in SSAE 18 include:
Complementary Subservice Organization Controls
Written Assertion Requirement