Trust and control in the outsourcing industry for financial institutions
The International Standard on Assurance Engagements (ISAE) 3402 standard (former: SAS 70) is the world standard for service providers to give customers assurance on the quality of services they source out. The ISAE 3402 standard has a retrospective character. Due to increased attention by regulators for internal controls at financial institutions, the default ISAE 3402 standard [...]