The increasing relevance of information assurance in cloud computing has forced governments and stakeholders to turn their attention to Information Technology (IT) security certifications and standards. The introduction of new frameworks such as FedRAMP in the US and C5 in Germany is aimed to raise the level of protection against threats and vulnerabilities unique to cloud computing. However, our in-depth and systematic analyses reveals that these new standards do not bring a radical change in the realm of certifications. Results also shows that the newly developed standards share much of their basis with older, more consolidated standards such as the ISO/IEC 27001 and hence the need for determining the added value. In this study, we provide an overview of ISO/IEC 27001, C5, and FedRAMP while examining their completeness and adequacy in addressing current threats to cloud assurance. We question the level of protection they offer by comparing these three certifications alongside each other. We identify weaknesses in the three frameworks and highlight necessary improvements to meet the security requirements indispensable in relation to the current threat landscape.