Section 404 requirements of Sarbanes-Oxley (SOX) have placed an added importance on SAS 70 audits for service organizations and service providers. Today, many service-related organizations receive dozens or more audit requests annually. Moreover this number will continue to rapidly increase as a result of SOX-related requirements.

Instead of managing multiple audit requests from different customers, service organizations can conduct a SAS 70 audit with licensed CPA firm. A SAS 70 audit typically cost at least $50,000, but can be much more, depending on the size of an organization and the effectiveness of its control environment. Costs are driven by external auditor fees for evaluating and testing the control environment over a period of six months, and for issuing the Service Auditor’s Report.

Whether your organization is conducting a SAS 70 audit for the first time, repeating the process, or taking a proactive approach to governance, we can help you to lower costs, ensure compliance, and create the right foundation going forward. Our Governance Insight™ SAS 70 solution is helping forward-thinking service organizations to create and implement controls, structure and streamline processes, and identify deficiencies before they become problems.

Customers Can Use Governance Insight as Part of a SAS 70 Audit to:

• Have a clear audit trail of how key controls are executed during the year or throughout an audit cycle
  
• Simplify reporting and review processes, providing external auditors with direct read-only access to their internal controls repository
  
• Reduce auditing and consulting costs, enabling easy, efficient reviews of existing control environments
  
• Mitigate risk and gain peace of mind knowing that they are well positioned for future SAS 70 audits or other control requirements that may arise