What types of companies should have a SAS 70 audit?
A publicly held customer will likely request a SAS 70 audit when your services involve any of the following: • Transactions that are significant to the client’s financial statements; • Automated and manual procedures that initiate, record, process and report the client’s transactions; • The collection of accounting records related to the client’s transactions; • The capture of other events and conditions that can affect the client’s financial statements; and/or • Any reporting processes necessary to prepare the client’s financial statements.
