SAS 70

You might be asking yourself, “What is SAS 70?”. Basically, SAS 70 is an acronym for Statement on Auditing Standard 70, which is an auditing statement issude by the AICPA (Auditing Standards Board of the American Institute of Certified Public Accountants) that defines the professional standards used by a service auditor to assess the internal controls of a service organization and issues a service auditor’s report. What is a service organization? A service organization is an entity that provides outsourcing services that impact the control environment of their customers. Examples include insurance and medical claims processors, hosted data centers, and credit processing organizations.

Here is one of the best resources on SAS-70 available on the internet. It is very comprehensive, covering the two types of SAS 70 reports, advantages for using SAS 70 reports, and providing links to further reading on the subject. If you’re a service organization looking for more information on SAS 70 and related subjects, I would definitely use this valuable resource.

This entry was posted on Saturday, January 12th, 2008 at 5:40 pm and is filed under Other. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.