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 300 kB)