What is SAS 70?
A SAS 70 audit is a periodic report issued by a CPA to assess the policies, procedures, and controls of any organization that processes transactions for others.

Service providers are choosing to demonstrate their commitment to quality business practices by conducting these audits. In addition, companies offering services to highly regulated industries, such as banking, healthcare and insurance, are often required by their clients to provide third party assurance of their control procedures. SAS 70 audits are the best way for businesses to meet those requirements.

These audits are being performed for companies of all sizes, not just the largest ones.  The reason is simple: It makes your business a preferred vendor to public and private companies alike, making you stand apart in a crowded market.

Benefits to Service Providers		Benefits to Their Customers
Offers management insight into the effectiveness of policies, procedures and controls, as well as possible areas for improvement		Establishes a level of comfort over the control consciousness of the service organization and its services
Provides independent assurance of your internal control environment		Provides information permitting their auditors to perform a more complete risk assessment
Identifies possible areas for operational improvements		Offers their auditors insight into the overall control environment
Eliminates or mitigates repeat audits from users		Satisfies regulatory requirements
Allows the service organization to respond to regulatory inquiries
May provide a competitive advantage

How can I learn more?
Click here to download our “Introduction to SAS 70” document . 

For more information, as well as a complimentary consultation to discuss how a SAS 70 audit could be tailored specifically for your company, contact Torpey White, CPA, CISA at twhite@grgrp.com or 215-881-8147.