Regulatory Compliance, Governance and Security

Sep 8 2008   4:04PM GMT

SAS70 Reports | Know the Difference Between Type I & Type II

Charles Denyer Charles Denyer Profile: Charles Denyer

If your company is needing to be SAS70 compliant, then a good start is to learn about what a SAS70 audit is and what the difference is between a SAS70 Type I & SAS70 Type II audit report.

In short, a SAS70 Type I is simply an audit that is a snapshot in time; an audit for a particular day. For example, a Type I report would be given a date of August 31, 2008.

A SAS70 Type II audit report is a report that will test the operating effectiveness of those controls over a time period, traditionally six (6) months. For example, a SAS70 Type II report would cover a period from January 1, 2008 to June 30, 2008.

It is important to note that a SAS70 Type II is what the market is calling for, that is, it suffices for Sarbanes Oxley compliance and is looked upon as a much superior audit than a SAS70 Type I report.

A good example of learning more about SAS70 audits is to obtain a SAS70 sample report, whereby you can read and understand what the major components and parts are of a final report.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to:

Share this item with your network: