From health care to financial services and I.T., SAS 70 Type I and Type II audits are having a significant impact in today’s ever growing regulatory compliance arena. Many service organizations initially struggle with SAS 70 compliance, due in part to a large number of issues. These issue traditionally revolve around audit scope, SAS 70 pricing, time commitments, along with other important issues.
What’s important to understand is that if your organization has become a SAS 70 candidate, its wise to educate yourself on this auditing standard which was put forth by the American Institute of Certified Public Accountants (AICPA) in 1992.
A quality SAS 70 CPA firm, and there are many of them out there, will be able to effectively guide you through the major issues of SAS 70 audits (pricing, scope, time commitments, etc.) along with giving you a SAS 70 roadmap for compliance for ensuring the audit is completed in a cost-effective, efficient manner.