sas 70 audit report

Dec 30 2008   3:21PM GMT

SAS 70 | PCI DSS | 2009 Regulatory Compliance Checklist

Posted by: Charles Denyer
Security, SOX, regulatory compliance, audits, payment card industry, PCI DSS, PCI, pci compliance, SAS 70, SAS 70 readiness questionnaire, What is SAS 70?, SAS 70 checklist, sas70, sas70 sample reports, pci dss qsa, sas 70 control objectives, sas 70 type ii, SAS 70 Type I, pci assessment, sas 70 sample report, sas 70 audit report, payment card industry data security standards

When ushering in the new year festivities, keep in mind that a number of regulatory compliance issues will be facing your organization also as 2009 looms just around the corner. No, they’re not stocking stuffers, rather, they can be considered expensive, time-consuming, and arduous, to say the least. Here’s your list of 2009 Regulatory Compliance mandates that may very well find there way into your organization.

SAS 70
SAS 70 Type I and SAS 70 Type II audits have become increasingly popular since the advent of Sarbanes Oxely in 2002. Service organizations, third party outsourcing entities, and a slew of other companies have had to grapple with the time and costs associated with this widely recognized auditing standard. If your organization needs to become SAS 70 Type I or SAS 70 Type II compliant for 2009 and beyond, then take time to learn about this specialized auditing standard via the most comprehensive website available on SAS 70 audits, sas70.us.com. You can even obtain a free sample SAS 70 Type II report along with downloading numerous white papers and other expert subject matte on SAS 70 Type I and SAS 70 Type II audits.

PCI Compliance
Payment Card Industry Data Security Standards (PCI DSS) compliance is fast becoming a hot regulatory compliance issue. The major payments brands, such as Visa, Mastercard, American Express, Discover and JCB, have unilaterally agreed on a number of security provisions for the protection of cardholder data. In summary, any entity directly involved in the processing, storage, or transmission of transaction data or cardholder data should be looked upon as a PCI DSS candidate. But what really is PCI and where can you learn more about compliance and what your organization needs to do? Visit pciassessment.org, a comprhensive guide to understanding what PCI DSS compliance is and who is affected.

Dec 30 2008   2:37PM GMT

SAS 70 Audit Reports | Obtain a Sample SAS 70 Type II Audit

Posted by: Charles Denyer
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If you are seeking to learn more about SAS 70 Type I and SAS 70 Type II audits, then one of the most effective ways for truly gaining an understanding of the auditing standard is to see what the finished product looks like-that is, a final SAS 70 audit report. Many people voice great frustration when going through their first SAS 70 audit because they truly don’t know what the SAS 70 audit report “looks and feels” like, that is, what is the actual content, format, and layout of the report.

Having a sample SAS 70 audit report prior to commencement of the audit who greatly benefit service organizations as they can visually see the important components of what lies in the report itself. sas70.us.com provides sample SAS 70 Type II audit reports for organizations and individuals looking to learn more about Statement on Auditing Standards No. 70, commonly known as SAS 70.

This report will give you an in-depth layout of what a SAS 70 audit report is, what are the critical components and content that make up the report, and it will also allow you to gain a true conceptual understanding of what the audit is actually undertaken and performed by auditors.

Remember, knowledge is power, so the more you know and learn about SAS 70 audits, the more prepared you and your organization will be in undertaking a SAS 70 Type I or SAS 70 Type II audit.

Dec 30 2008   2:19PM GMT

SAS 70 Type II Audits | Become SAS 70 Compliant in a Cost Effective Manner

Posted by: Charles Denyer
Auditing, audits, SAS 70, SAS 70 readiness questionnaire, SAS 70 overview presentation, sas70, sas 70 type ii, SAS 70 Type I, sas70 pricing, sas70 readiness assessment questionnaires, sas 70 audit report

If your organization is seeking to become SAS 70 Type I or SAS 70 Type II compliant for 2009, then its time to roll up your sleeves and learn all you can about what a SAS 70 audit actually is along with many of its inner workings? And why? Knowledge is power. The more information you have about what a SAS 70 audit truly is, then the more informed you are about issues for the audit, such as scope, pricing, testing of controls, just to name a few. Think all SAS 70 audits are alike? Not quite. Does every CPA firm follow the same roadmap when conducting auditing and test procedures for SAS 70 audits? Hardly.

With that said, visit sas70.us.com and learn all you will ever need to know about Statement on Auditing Standards No. 70, simply known as SAS 70. You will be able to obtain critical information regarding SAS 70 audits, such as the history of the auditing standard, pricing considerations and factors to be taken into consideration for a SAS 70 audit, a SAS 70 roadmap for compliance checklist, just to name a few. It’s all part of being able to provide interested readers with a comprehensive guide to one of the most widely used and recognized audits in today’s business world.

So before you accept any proposals from any number of CPA firms that specialize in SAS 70 audits, take the time to educate yourself on the inner workings of what a SAS 70 audit actually is.

Today’s regulatory compliance mandates are here to say, and so are SAS 70 audits.

Nov 29 2008   5:30PM GMT

SAS 70 Type II Audits | An Auditor’s Expert Opinion on Pricing

Posted by: Charles Denyer
Compliance, SAS 70, SAS 70 readiness questionnaire, sas70, sas70 sample reports, sas 70 control objectives, sas 70 type ii, SAS 70 Type I, sas70 pricing, sas70 readiness assessment questionnaires, sas 70 audit report

People often ask me what the price of a SAS 70 Type I or SAS 70 Type II audit is. My response? That depends, I say, on many, many factors. Here is what needs to be understood when considering pricing factors for SAS 70 Type I and Type II audits:

1. The CPA firm-Are you looking for brand recognition or are you looking for a cost-effective provider which can simply help you “check the box” for SAS 70 compliance.

2. Scope-What is being examined and tested from a control perspective for SAS 70 audits? Are you looking for just a general controls audit or an audit that also includes specific business processes?

3. Testing period: For SAS 70 Type II audits, what is the testing period going to be? The longer the test period, the more the audit will cost as auditors have to pull larger samples, do more testing, etc.

4. Location of testing: How many physical areas does your organization have that will fall under the scope of the SAS 70 audit? Having more than one means that auditors will ultimately have to travel to numerous locations to conduct more testing. Again, more locations, more time, money, and expenses out of your pocket for the audit itself.

5. Are you confident you can obtain SAS 70 compliance without conducting a SAS 70 readiness assessment? If not and you need assistance identifying weaknesses and gaps within your control environment, then expect to spend more time, money, and resources on the front end of a SAS 70 audit for preparing in an adequate manner.

As you can see, there is no quick, easy, black and white answer to the cost of a SAS 70 Type I or Type II audit.

To learn more about statement of auditing standards no. 70, visit the official sas 70 resource guide, where you can obtain a wealth of information on sas 70 audits.

Nov 28 2008   10:43PM GMT

SAS 70 Audit Reports | Start with a SAS 70 Readiness Assessment

Posted by: Charles Denyer
audits, SAS 70, SAS 70 readiness questionnaire, sas70, sas 70 control objectives, sas 70 type ii, SAS 70 Type I, sas70 readiness assessment questionnaires, sas 70 sample report, sas 70 audit report

Successful completion of SAS 70 Type I or SAS 70 Type II audit reports should start with undertaking a SAS 70 Readiness Assessment. A readiness assessment is an important part of the audit process in that it helps identify weaknesses, gaps, and deficiencies within your organization’s control environment. Many organizations unfortunately rush into a SAS 70 Type I or Type II audit, and as a result, suffer the consequences of ill-planning and mismanagement. The result? More time, fees, and man hours are put into the audit, which in all actuality, really shouldn’t of been if they had started off with a readiness assessment.

Furthermore, some firms even offer free SAS 70 Readiness Assessment questionnaires for helping your organization prepare and undertake the audit itself. What’s more, quality CPA firms can develop templates that are highly customized to your specific industry, thus adding even more value to the SAS 70 Readiness Assessment phase. As the old saying goes, you crawl before you walk, it’s wise to conduct a SAS 70 Readiness Assessment before embarking on the actual audit process.

To learn more about SAS 70 audits, visit the official SAS 70 Resource Guide, where you can obtain a wealth of information on SAS 70 audits.

Nov 23 2008   7:46PM GMT

SAS 70 Type II Audit Reports | Why SAS 70 is Here to Stay

Posted by: Charles Denyer
HIPAA, SOX, GLBA, Sarbanes-Oxley, regulatory compliance, SAS 70, What is SAS 70?, sas70, section 404 sox, sas 70 control objectives, sas 70 type ii, sas 70 audit report

We live in a world of heightened regulatory compliance and corporate governance. From the passage of the 2002 Sarbanes-Oxley Act to numerous other pieces of legislation (HIPAA, GLBA, just to name a few), “comply, comply, comply” is the new mantra being pushed throughout organizations and at all levels. SAS 70 audits, originally introduced as the 70th auditing standard in April of 1992, has stood the test of time as the main “go to” compliance audit for many of these regulatory requirements that have ushered from the halls of Congress.

Okay, so, why is it here to stay? Well, for a number of reasons. First and foremost, it will always be used as an audit tool for evaluating service organization’s that could have a material impact to a company’s “information system”-This term, “information system” is used to describe the user organization’s “information system”, that is, what services are being performed by the service organization that are considered a part of the user organization’s “information system”. Transactions, procedures (be it manual or automated), supporting information, the capturing of events and conditions-are all considered traits and activities that relate to, have an effect, and impact the user organization’s “information system”.

Second, the SAS 70 auditing standard has been quite flexible, adapting to the needs of service organizations that must have their control environment examined. Witness the numerous times the SAS 70 auditing standard has been amended over the last 16 years to keep “pace” with the changes of business.

Third, the SAS 70 auditing standard has become very quickly recognized as the global de facto audit for internal controls on service organizations. In short, it has built up quite a following that is simply very hard to ignore.

To learn more about SAS 70 audits, visit the official SAS 70 Resource Guide.

Nov 23 2008   7:24PM GMT

Payment Card Industry (PCI DSS) Compliance | Requirement 1.1.2

Posted by: Charles Denyer
regulatory compliance, payment card industry, PCI DSS, PCI, pci compliance, SAS 70, qsa, pci dss qsa, policies and procedures, pci assessment, sas 70 audit report, payment card industry data security standards, pci dss requirement 1.1.2

Payment Card Industry (PCI) Data Security Standards (DSS) compliance for PCI DSS requirement 1.1.2 calls for “Current network diagram with all connections to cardholder data, including any wireless networks” Thus, testing for validating 1.1.2 requires verification “that a current network diagram (for example, one that shows cardholder data flows over the network) exists and that it documents all connections to cardholder data, including any wireless networks.”

Okay, once again here, the key phrase is “current network diagrams”. What does this essentially mean? It means having a subject matter expert within your I.T. department developing a current network diagram and topology documents showing all critical connection points along with a visual of all critical hardware and network components that make up the network topology. More importantly, these diagrams and network topology documents should be current and updated on a quarterly basis to reflect overall changes in the network layout of the organization. Keep in mind that these documents will also be valuable for other regulatory compliance mandates, such as a SAS 70 Type II audit, which many merchants and service providers have to have at some point in their business lifecycle.

And though the requirement for PCI DSS 1.1.2 calls for these network diagrams for only “connections to cardholder data” its a very good and wise idea to draw and map out your organization’s entire network topology. Why? Because it just makes good business sense and again, it helps with other regulatory compliance mandates that your organization may have to endure.

To learn more about SAS 70 audits, visit the official SAS 70 Resource Guide
To learn more about PCI DSS compliance, visit pciassessment.org

Nov 13 2008   2:40AM GMT

SAS 70 Audit Costs and Pricing | What You Need to Know

Posted by: Charles Denyer
SAS 70, sas70, sas 70 type ii, SAS 70 Type I, sas70 pricing, sas 70 audit report

If your organization is planning on undertaking a SAS 70 audit, be it a Type I or a Type II, then there are some important points you need to learn about SAS 70 audit pricing.

First and foremost, make sure to get a “fixed fee” for the SAS 70 engagement a fixed fee includes all out of pocket, travel, and other miscellaneous expenses that are incurred by the auditor for purposes of conducting the audit. More and more firms are moving to the fixed fee model, so take advantage of this type of pricing.

Second, scope greatly determines the price of the SAS 70 audit, so be sure to properly scope the audit. That means answering the who, what, when, where and why for the audit. Who needs the report and are there any specific requirements they are looking what. What is the audit test period. When will testing be done. Where will testing be done, such as what facilities will be part of the SAS 70 audit scope. These are all important points to cover when assessing scope for a SAS 70 Type I or SAS 70 Type II audit.

To learn more about SAS 70 audits, what is a SAS 70 and to obtain a wealth of information on the auditing standard itself, then visit the official SAS 70 Resource Guide.

Oct 27 2008   9:22PM GMT

SAS 70 Audits | Make Sure to Get a “Fixed Fee” for the Audit

Posted by: Charles Denyer
SAS 70, sas 70 type ii, SAS 70 Type I, sas 70 rfp, sas70 pricing, sas70 readiness assessment questionnaires, sas 70 sample report, sas 70 audit report

SAS 70 audits today are being conducted by CPA firms large and small, big and tall. Though they vary greatly in size, complexity and audit skills, what seems to be the industry standard is a “fixed fee” for the audit. Fixed in meaning that all the fees for the engagement are wrapped and bundled into one price. This “fixed fee” also includes any out of pocket travel and miscellaneous expenses that the CPA firm would incur for doing the audit.

Buyer beware, as not all “fixed fees” are the same. Some “fixed fee” have clauses that say the “fixed fee” is only for the engagement itself and does not include travel or any other expenses you may incur. Additionally, some fixed fees may include the travel and out of pocket expenses may also bill you for preparing reports, after audit consulting fees, etc.

In short, read the fine print and make sure the “fixed fee” really is fixed. Another point, make sure the fixed fee gradually goes down after year one. Why? Because the CPA firm conducting the audit should have a good working knowledge of your company, thus fees should be marginally reduced for subsequent years (5 to 10 percent). However, if your scope changes, then expect the fees to go up.

To learn more about SAS 70 audits, visit the official SAS 70 Resource Guide.