Within IT outsourcing and Cloud services, the demand for ISAE 3402 has increased significantly. The ISAE 3402 register contains an impressive list of SaaS and hosting providers that are ISAE 3402 certified. What is the reason for this increased demand in the IT sector and more specifically in the Cloud Services Industry; SaaS, IaaS, PaaS and datacenter services?
The ISAE 3402 standard, is an internationally recognized auditing standard issued by the International Auditing and Assurance Standards Board (IAASB). A service organization's auditor's examination is widely accepted because it represents an in-depth audit of a service organization's control objectives and activities.
The SOC 1 standard requires service organizations to be proactive in meeting the requirements imposed by service auditors (accountants).
From full outsourcing of complex functions like IaaS, PaaS services, or component manufacturing to small contracts with local service providers and suppliers, organizations in different industries with different magnitude rely heavily on third-party service organizations.