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SAS 70 AUDITS: Service Organizations
In today's governance-focused world, service-based businesses need to provide evidence of strong internal controls before a prospective business may engage or outsource with them. Though many companies have sufficient internal controls, they may not fully understand the formal requirements to comply with the Statement on Auditing Standards (SAS) No. 70, Service Organizations. This is a highly specialized type of audit, and few firms are equipped to provide these services to the organizations who need it the most including:
- Software Vendors
- Insurance Companies
- Financial Services and other transaction-based firms
- Payroll Service Providers
- Third Party Administrators (TPA's)
- HR/Benefit Administrators
- Application Service Providers (ASP's)
- Data Warehouses / Co-Locations
- Managed Services
- Market Research Firms
The SAS 70 team at WithumSmith+Brown can put you in a position of strength. We understand that your time and employee resources are limited. We also understand that compliance is only sustainable when it fits realistically with the needs of the organization. Our efficient customized work programs are designed to fit your business model, so you can develop realistic and sustainable best-practice methodologies.
Named in numerous trade publications as one of the most innovative and influential firms in the technology area, we have the credibility and resources required to examine both technical and financial systems that can put you and your customers at risk. We provide services which include Pre-SAS 70 assessments of your business, as well as Type I and Type II SAS 70 audits and post-audit program implementation.