WASHINGTON, D.C. -- SAS 70 audits can be considered a time-consuming and arduous undertaking for many service organizations having to comply with the ever-growing list of regulatory compliance. Federally mandated legislation, such as Sarbanes-Oxley (SOX), the Gramm Leach Bliley Act (GLBA), and the Health Insurance Portability and Accountability Act (HIPAA), have resulted in a tremendous increase in the sheer volume of SAS 70 audits being conducted in today's world of heightened corporate governance and compliance.
As such, many service organizations are facing difficulties meeting the demands for SAS 70 compliance. Though cost considerations and experienced man power shortages are common issues revolving around the SAS 70 audit standard, many companies simply don't have a clear understanding of what encompasses a SAS 70 audit. Some perceive it as a purely technology audit, while others have been persuaded that it is more of an operational audit. Unfortunately, many of these misguided answers have created an even greater misunderstanding of the SAS 70 audit.
In order to clear the air and provide service organizations with a clear understanding of the auditing standard, the SAS 70 Resource Guide, developed by NDB Accountants & Consultants LLP, is offering an educational example of an executive summary of a SAS 70 Type II service auditors report. The SAS 70 Type II audit can be obtained free of charge by simply visiting the SAS 70 download section at www.sas70.us.com. The report gives a clear and easy to read explanation of the major "working parts" of a SAS 70 Type II report. Moreover, the summary provides general guidance on what a SAS 70 is by giving its readers a fundamental understanding of all the general sections within a typical SAS 70 audit report.
From beginning to end, the report gives service organizations an excellent educational document that will bring all interested readers up to speed very quickly on the general scope of SAS 70 audits, according to NDB Accountants & Consultants LLP. Tanya Klymchuk (Marketing Director) states that "the summary has proved quite an educational tool for our international inquiries of SAS 70, many of whom have never seen a SAS 70 report before."
Additional information, such as white papers and current industry news can be found at the official SAS 70 Resource Guide. Moreover, interested readers can browse the many blogs on SAS 70 audits, which include discussions on many current industry trends affecting statement on auditing standards no. 70.
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