SAS 70 audits have become a way of life for many in today’s ever growing regulatory compliance world. From financial services to healthcare and I.T., no industry is safe from the large and expanding compliance mandates being pushed out of Congress. Notable legislation, such as HIPAA, GLBA, and Sarbanes-Oxley have had a profound impact on many of today’s businesses.
Though SAS 70 audits are a considerable time and expense proposition for many service organizations, there are many positive attributes that can be taken from these audits. Most importantly, they help you identify weaknesses within your internal control structure. Second, they are a great marketing tool for attracting new business for your organization. And third, they help satisfy the growing compliance demands set forth by industry regulations that are being pushed on your organization by your client’s auditors.
But before you can reap the benefits of SAS 70 audits, you need to learn about the auditing standard and what is SAS 70. Visit the official SAS 70 resource guide, where you can obtain SAS 70 sample reports for free and read up on current industry news and how SAS 70 audits is affecting various business segments in today’s economy.