From SAS to SOC: What You Need to Know About the End of the SAS 70
March 01, 2011
by
Since 1992, companies that provide business process outsourcing
and data services, also known as service organizations, have utilized
Statement on Auditing Standards No. 70 Service Organizations
reports, commonly known as SAS 70s, to meet the independent
assurance needs of their stakeholders. Customers, or user entities of
the goods and services provided by service organizations, and those
customers’ financial statement auditors (user auditors), have come to
view the SAS 70 report as the de facto standard for independent
assessment and assurance of a service organization’s internal
control design and operating effectiveness.
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Length: 2 pages (PDF 178 kB)