What is the value proposition of a SAS 70 audit?
A SAS 70 audit offers many potential benefits to service organizations. The following are just a few examples of the potential benefits that our clients have expressed: • The SAS 70 audit report allows the service organization to provide its customers with independent third party verification regarding the state of internal controls that govern the services provided to its user organizations. • The SAS 70 audit report can be used by user organization’s financial statement auditors as a substitute for those parties performing their own first hand audit procedures. In fact, Sarbanes-Oxley auditing regulations identify the Type 2 SAS 70 audit report as the only acceptable substitute for an auditor performing their own first hand testing of a service organization’s controls. • Undergoing the SAS 70 audit distinguishes the service organization from its competitors. Normally, service organizations highlight the successful completion of a SAS 70 audit in marketing materials because of the hig
