Who can issue WebTrust seals?
This WebTrust audit is performed by public accounting firms and practitioners who are specifically licensed by the American Institute of Certified Public Accountants (AICPA) and the Canadian Institute of Chartered Accountants (CICA).
Which services are provided by CPA WebTrust in e commerce?
The original program focused on three main areas, including Business and Information Privacy Practices, Transaction Integrity, and Information Protection. Basically, CPA WebTrust is a service that CPA firms provide to ensure that a companies web site is safe for business.
What is Web Trust assured?
The WebTrust Seal of assurance symbolizes to potential customers that a CPA or CA has evaluated the web site’s business practices and controls to determine whether they are in conformity with the WebTrust principles and criteria and has issued a report with an unqualified opinion indicating that such principles are …
What is SysTrust?
SysTrust is a type of assurance service performed by a licensed CPA or CA to independently test an organization’s system and to offer assurance on the system’s reliability.
When was WebTrust created?
September 1997
For those who don’t remember WebTrust, it was a child of the dot-com era, created in September 1997. The idea was that CPAs by the hundreds, if not thousands, could make money by annually certifying the Web sites met certain standards of security and confidentiality, among others.
Why should a business consider a WebTrust seal?
The WebTrust seal is being adopted by CPAs and their Chartered Accountant counterparts around the world. It provides assurance that client websites meet high standards of business practice disclosure, transaction integrity, privacy, and security.
What is an example of C2C e commerce model?
The most prominent examples of C2C include eBay, an online auction site, and Amazon, which acts as both a B2C and a C2C marketplace.
Is SOC 2 the same as SSAE 16?
The SSAE 16 audit will result in a Service Organization Control (SOC) 1 report. This report focuses on internal controls over financial reporting. While a SOC 2 report includes service auditor testing and results, a SOC 3 report provides only the system description and auditor opinion.
What are the webtrust principles?
SOC 3 reports can be issued on one or multiple Trust Services principles (security, availability, processing integrity, confidentiality and privacy) and allow the organization to place a seal on their website upon successful completion.
What is trust services framework?
The foundation of the AICPA/CICA Trust Services framework is a set of principles and criteria CPAs can use to assess the reliability of a company’s IT systems. The criteria constitute professional guidance as well as serve as best practices for system reliability.