If you want to learn more about a SAS 70 Type 2 audit and SAS 70 compliance, then listen up. Becoming SAS 70 compliant can be full of minefields out in today’s regulatory compliance world. But it shouldn’t be. In fact achieving SAS 70 compliance should be looked upon as a structured, multi-step process where you live and learn each and every step of the way about compliance. Sure, there may be horror stories out there about the time, costs, and pain in becoming compliant, especially for a SAS 70 Type 2 audit.
So, let’s distill fact from fiction in helping you learn the nuts and bolts about statement on auditing standards number 70.
First, you need to gaining a strong understanding of what SAS 70 is, what internal controls are, what control objective are, amongst other things. But how? There are a couple of ways: the AICPA publishes excellent, technical reference manuals on SAS 70. Though written more for the auditor in mind, they can still help you greatly understand SAS 70 compliance.
Second, visit the official SAS 70 resource guide, where an abundance of use information awaits you.
Some tips on saving money on SAS 70 compliance? Whoever conducts the audit, ask for a free readiness assessment and also ask for a Fixed fee for the audit. If you can get both of these, you are on your way.