To further optimize compliance efforts, those companies are also increasingly requesting that other service organizations wishing to do business with them first produce a SAS 70 Type II report. For service organizations, those trends make the SAS 70 Type II report a client retention issue, and a new business development tool. Not conducting a SAS 70 audit could present current and future risks. If a service organization has not conducted a SAS 70 type II audit, it should consider undertaking one now. That consideration begins with understanding the general requirements of SAS 70.
What Attendees will Learn:
- What a SAS 70 Report is and who can issue it.
- What type of entities are candidates for SAS 70 audits
- The difference between a SAS 70 Type I and Type II Report
- How Sarbanes-Oxley has impacted the demand for SAS 70 audits
- How a SAS 70 Audit process works and frequency of reporting
- Format for documenting controls - COSO and COBIT.
- Benefits - customer confidence, third party assurance benefit
Who Will Benefit:
Any company that executes and maintains accountability of transactions, records transactions and processes information and impacts the client’s financial reporting are candidates for SAS 70 audits.- Application service providers
- Managed security providers
- Trust departments
- Claims processors
- Clearinghouses
- Credit processing
- Data hosting facilities
Course Provider
Alyssa Martin,