What is International Standard on Assurance Engagements No. 3402 in SAP SAP-LEGAL - Global Field Legal?

SAP Term: International Standard on Assurance Engagements No. 3402

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A standard that defines the professional standards used by a service auditor to assess the internal controls of a service organization and to publish a service auditor's report.

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  Key Concepts: 
  International Standard on Assurance Engagements No. 3402 (ISAE 3402) is an international assurance standard issued by the International Auditing and Assurance Standards Board (IAASB). It is designed to provide assurance over the design and operating effectiveness of a service organization’s internal control system. It is applicable to service organizations that provide services to user entities, such as cloud computing, software as a service, and other outsourced services. 
  
  How to use it: 
  SAP-LEGAL Global Field Legal Compliance is a tool that helps organizations comply with ISAE 3402. It provides a comprehensive set of tools and processes to help organizations assess their internal control systems and ensure they are in compliance with the standard. The tool also provides guidance on how to document and report on the results of the assessment. 
  
  Tips & Tricks: 
  When using SAP-LEGAL Global Field Legal Compliance, it is important to ensure that all relevant stakeholders are involved in the assessment process. This includes management, IT staff, legal counsel, and external auditors. Additionally, it is important to ensure that all documentation related to the assessment is kept up-to-date and accurate. 
  
  Related Information: 
  For more information about ISAE 3402 and SAP-LEGAL Global Field Legal Compliance, please visit the SAP website at https://www.sap.com/products/legal-compliance/isae-3402.html