SproutLoud Achieves SSAE 16 Auditing Standard

October 15, 2013 Neil Ingalls

Sunrise, FL – October 15, 2013 – SproutLoud Media Networks, LLC has fully complied with the Statement on Standards for Attestation Engagements (SSAE) No. 16, an auditing standard that is the “authoritative guidance for reporting on service organizations,” according to the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA).

The SSAE Type I Report is a “report on a description of a service organization’s system and the suitability of the design of controls,” as stated by the SSAE 16 guidance.  An Independent Auditing Firm audited SproutLoud to confirm the establishment of control objectives and ensure that effectively designed control activities are in place.  In layman’s terms, an auditing firm tested how SproutLoud controls and uses the data entrusted to the company by their clients, and how those controls tie into other processes where the data is handled.

The SSAE 16 audit gives peace of mind to “user organizations” or clients that data controlled by SproutLoud (especially that data which is significant to clients’ financial statements) is being processed in a well-designed system of controls and managed properly in an ongoing way.                  

As a change from the old SAS70 audit, which sought the same verification of controls as the new SSAE 16 established in June of 2011, managers are now required to present a written assertion attesting to validity of the controls in place.  SproutLoud managers had to walk auditors through control objectives and control activities, which auditors then sampled, tested, and reported on. 

 

                                                                                       

About SproutLoud

Headquartered in Ft. Lauderdale, FL, SproutLoud Media Networks helps manage brands and promote marketing messages at the local level with a web-based Marketing Resource Management solution. Providing customizable modules and an easy to use online interface, we empower a company's local marketing network to access the materials they need in the marketing media of their choice.

Contact:  

SproutLoud Media Networks, LLC

info@sproutloud.com

15431 SW 14th Street

Sunrise, FL 33326

888.274.3802 Toll-free

954.332.4159 Fax

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