What is SAS-70 Report
A SAS-70 (Statement Auditing Standards 70) is an audit that must be conducted by a public accounting firm, and the team that performs the audit must be made up of and supervised by CPAs. That being said, many firms require SAS-70s to be performed because they process financial transactions on behalf of other institutions.
The SAS-70 is a specialized report format that was developed by the American Institute of Certified Public Accountants (AICPA). The format was specifically targeted at determining the adequacy of an organization’s internal controls as part of its service offering. The report covers the following areas:
- Physical security (more…)
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