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Hipaa Audit Learn more about SAS 70 Audit Scope, prices and assessments of preparation 70 from SAS 70 Resource Guide SAS Statement on Auditing Standards No. 70 (SAS 70), has been put forward in 1992 by the American Institute of Certified Public Accountants and has recently gained great importance in the last five years. In particular, this is largely due to strong growth in the compliance of federal legislation, especially Sarbanes-Oxley (SOX) and other important provisions, such as the Gramm Leach Bliley Act (GLBA) and HIPAA. In addition, a number of state legislative decisions in favor of a broad range of privacy and security initiatives have an impact on the development of SAS 70 examinations. So what do you need to take all this? The drumbeat of increasing regulatory compliance is here to stay and no doubt continue to grow in the coming years. In addition, SAS 70 Type I and II audits have become a mainstay in the compliance arena today, so they are here to stay. Are you a service organization providing services to another entity? If yes, then it is reasonable to assume in the technical jargon of SAS 70 audits, you would be considered a service organization. A service organization is a company that traditionally provides outsourcing services to user organizations. Some common examples of a service organization "for purposes of the SAS 70 is a provider of payroll, TPA, or center Database providing managed services, just to give you some examples. What they all have in common is their unique ability to provide services to another organization, which is often called the user organization. So if your organization is required to be SAS 70 Type I or Type II compliant, you need to know the details, the how and why of SAS 70. Find your supplier SAS 70 Once you get a true understanding of these parameters above, start looking for an accounting firm that can lead to Type I or II of the audit. Please note that you get what you pay, then go for an aggressive, low-cost supplier may eventually give you a report of poor quality, ultimately doing more harm than any good . Remember this important point. Because the recipients of these reports that are traditionally highly dependent on the consideration paid to these reports, they must be of high quality. Thus, obtain proposals from firms that are not too small, but not too large. In essence, a national consulting firm specializing in SAS 70 Type I and Type II audits would be an excellent choice. Why? Their fees would be reasonable, they would conduct the audit in an efficient manner and prepare the final report within a reasonable time. Do your due diligence audits for SAS 70 Before signing a contract with an accounting firm, make sure you get at least three (3) proposals, and be sure you will converse on the following points with every company you have received an estimate of expenses:
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