What is a SAS70 Audit and Why Should it be Important to You?

What is SAS70?

SAS70 refers to a "statement on auditing standards"... as it relates to No. 70 {service organizations} and is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). 

The following is a statement from the SAS70 compliance website:

The standard lays down the requirement of in-depth audit of the service organizations control objectives and activities and the audit must cover the controls over information technology and its allied procedures.

In the context of the globalization of the economy... the service providers must show the adequacy of their internal safeguards and controls in respect of the processing of the data belonging to their various customers.

The main benefit to our clients is that it establishes that GVT has implemented an additional layer of protection of the data that we manage. Passing a SAS70 audit means that we have strong and effective measures and controls in place to that keep your data safe and secure at all times.

GVT undergoes a SAS70 audit every two years.  The requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on the effectiveness of internal control over financial reporting. 

For more information about SAS70, visit the SAS70 website.