Regulatory Compliance, Governance and Security

Sep 21 2008   5:08PM GMT

SAS70 Glossary of Audit Terms | Learn Important Terms & Phrases



Want to think and talk like a SAS70 auditor? Well, if you are a service organization that will soon be undergoing a SAS70 audit, then it’s a good idea to gain an understanding of some of the most commonly used term for Statement on Auditing Standards No. 70. Do you know the difference between the term “service organization” and “user organization”? How about Statement on Auditing Standards No. 55 and it’s importance on SAS70 Type I and SAS 70 Type II audits. The more of these key phrases and terms you know, the better prepared you will be in assisting your company in going through a SAS70 audit.

What’s more, if you are currently in the proposal phase and looking to find a qualified SAS70 CPA firm to conduct the audit, then your understanding of these key terms and phrases will ultimately help you better scope the audit, giving way to a fair and equitable fee for your company.

Learn about key SAS70 phrases and become a knowledge base for you and your organization regarding SAS70 audits.

 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: