Third Party Assurance

Providing controls comfort to your customers

In recent years the use of third party service providers has expanded significantly. With this expansion and the current volatility in the global market, companies are placing increasing scrutiny over the services performed by third party service providers.

As a company that provides services to other organizations, you may be receiving increasing requests from your customers around your processes and controls. A Third Party Assurance solution may fit your needs if:

• You are being audited multiple times by internal and external auditors
• Your services impact the financial reporting process of your customers
• You process, or maintain your clients’ private or confidential customer data
• You are seeking a potential competitive advantage by demonstrating strong internal controls to your customer base

How PwC can help

PwC’s Third Party Assurance team has a solution that can be tailored to fit your needs. We offer:

• Readiness Assessments - We can provide your organization with recommendations for improving your processes and controls
• AICPA SAS 70 and CICA Section 5970 – The US and Canadian standards for providing controls assurance reporting over your controls that impact your customers’ financial reporting processes
• Agreed Upon Procedures (AUP) – A report that is a focused review of controls in a certain area, including non financial reporting areas
• Trust Services (WebTrust and SysTrust) – A solution if you are looking to provide a report to prospective customers about your security, availability, and data confidentiality controls
• ISAE 3402 – We can provide information on this new global controls standard, (effective starting in mid 2011) and work to design your controls reporting approach under this new standard

Please contact us to see how we can help with your Third Party Assurance needs.

Third Party Assurance brochure Download the full PDF.