Posted by: Charles Denyer
corporate governance, regulatory compliance, sas 70 rfp, SAS 70 Type I, sas 70 type ii, sas70
SAS70 audits can be seen as expensive, time consuming, and arduous, to say the least. What’s important to note though is that a SAS70 audit can be seen as a great tool for helping promote and grow your business. Just take a look at the heightened regulatory compliance and corporate governance arena we know live in. Need further proof? How you noticed how many request for proposals (RFP) that are put out to service organizations now require a SAS70 Type II audit report if you want to even be CONSIDERED a viable outsourcing entity.
Sure, they can be time consuming and expensive, but if they help your business grow, and they have done just that for many service organizations, then it should be looked upon as an effective value proposition for your business.
From an operational standpoint, SAS70 Type I and SAS70 Type II audits help you greatly understand your system of internal controls, where you are weak, where your controls are strong, and what has been unearthed during the SAS70 process to help your organization in becoming an entity that truly values controls at all levels throughout your organization.
Want to learn more about SAS70 audits, such as what a SAS70 really is? Then visit the official SAS70 resource guide.