SAS70 pricing for Type I and Type II audits is still a hot topic for regulatory compliance these days, and for good reason. The huge rise in SAS70 audits over the past five years has created a true need for accountants and auditors to perform these specialized audits. As a SAS70 auditor for many years now, i have noticed some interesting trends regarding SAS70 pricing along with my thoughts on where they will be going.
First and foremost, SAS70 pricing has gradually moved towards a “Fixed Fee”, that is, a SAS70 audit price that also includes travel and any out of pocket miscellaneous expenses. If you’re organization is looking to become SAS70 compliant, then get a fixed fee for all the proposals you receive.
Prices are coming down-Five years ago, only a handful of accounting firms conducted SAS70 audits. Taken a look at Google lately to search for the term “SAS70” and WOW, CPA firms are everywhere! Well, that’s good news for service organizations looking to become SAS70 Type I or Type II compliant.
Pricing will probably stabilize. For a good quality reputable SAS70 firm, SAS70 Type I and Type II fees are becoming very reasonable. What’s more, good firms have also figured out a way to do more and more work remotely, thus minimizing business interruption for their clients.
To learn more about SAS70 pricing or to receive a complimentary SAS70 Type II audit report, then visit the official SAS70 resource guide at www.sas70.us.com