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SAS 70

Outsourcing is a growing trend and companies increasingly depend on third-party providers to deliver critical services. Companies that even ten years ago may have only used one or two major third-party service providers today often depend on many providers to deliver any number of services, including

  • Information technology
  • Finance and accounting
  • Customer care
  • Human resource and benefits management
  • Payments and administration

Consequently, outsourcing companies are looking for third-party assurance to provide their clients with comfort about their internal control environment.

The SAS 70 remains the most widely employed approach to demonstrate third-party assurance, providing coverage to users of outsourced services. SAS 70 reporting, in coordination with your internal control assessment activities, can help:

  • Identify your company’s most business-critical, process-based relationships.
  • Pinpoint existing internal and outsourcing organisation gaps in processes and controls that may increase risk.
  • Enhance existing activities with a more encompassing framework for internal controls - one that achieves compliance with Sarbanes-Oxley financial reporting control requirements and helps improve internal risk management and business partner performance.

Our SAS 70 services can bring an organisation value through improved third-party risk management and performance, and include:

  • Determining the spectrum of required SAS 70 coverage required.
  • Executing SAS 70 reports for outsourcers and service providers.
  • Expanding the scope of SAS 70 reporting based on assessment of the spectrum required and value to be delivered.

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  • Service organisations
    To compete effectively in the global economy, service organizations must demonstrate transparency and efficiency