Guernsey is home to many service providers that operate an outsourcing business model. It’s important for end-users of outsourcing support to effectively identify and manage any associated risks. They also need a degree of assurance that their appointed service provider has an effective internal controls framework and operates effectively. So for the outsourced service provider it’s key to seek assurance that their own controls are appropriately designed, implemented and work effectively.
At BDO our Audit team regularly undertakes control assurance assessments of a wide range of service providers under SOC1, ISAE3402 and AAF 01/06 where such engagements provide comfort over the design, implementation and effectiveness of controls.
For those businesses looking to meet the requirements for the first time our tried and tested programme of support ensures our clients are thoroughly prepared to successfully undergo the relevant assessment.