Statement of Auditing Standard (SAS) no 103, issued by AICPA can be complied with, using E-Lock ProSigner

Released on = March 13, 2007, 4:13 am

Press Release Author = Vinod Mohite

Industry = Law

Press Release Summary = E-Lock digital signing solution can be used to meet The
Statement of Auditing Standards (SAS) no.103, issued by AICPA. The solution provides
verification & third party time stamping facilities to the user. The signature
verification feature ensures that no change can be made to the document once it is
signed without being noticed. It allows user to sign/verify/encrypt/decrypt document
of any format.



Press Release Body = There are 65,000 or more CPAs in USA who do audits, who shall
be searching for ways to comply with the Statement of Auditing Standards (SAS) no.
103, issued by AICPA in the best and most economical way possible. E-Lock ProSigner
a desktop-based digital signing product is an ideal solution that addresses their
need.

American Institute of Certified Public Accountants (AICPA) in its SAS no. 103 has
provided guidance for auditors to document their work during audits of private
companies. It demands:
Audit documentation to be assembled within 60 days from the audit report date.
Subsequent deletions from the documentation are prohibited, and any additions to
be documented.
Audit documentation to be retained until at least five years after the report
release date.

The SAS no.103 compliance can be easily met using E-Lock digital signing solutions,
which provide verification and third party time stamping facilities to the user. The
signature verification feature ensures that no change can be made to the document
once it is signed without being noticed. Any change made to the signed document is
immediately flagged upon verifying the signature making the signature invalid. Third
party time stamping feature provides an accurate time reference for the signatures
that is independent of the time settings on the signer's PC

\"The feature of ProSigner that makes it so valuable to me is that it can not only
sign and time stamp within a document or spreadsheet.....but it can also sign and
time stamp a file outside of that file....and that works for me\" says James
Milinovich, a CPA and the user of ProSigner.

E Lock digital signing solutions provide authentication, non-repudiation and
confidentiality for documents, content or transactions. E-Lock digital signature can
integrate with MS Word / Excel, Adobe Acrobat. It allows user to sign / verify /
encrypt / decrypt document of any format. It also supports multiple signatures,
batch signing and association of handwritten signatures with the digital signatures.


About E-Lock Technologies

E-Lock is a leading provider of desktop and web based digital signing solutions,
which are compliant with worldwide E-Signature legislation. Founded in 1997 the
company is headquartered in McLean, VA. E-Lock's digital signature solutions have
been used by former US President Bill Clinton to digitally sign the US E-Sign Act
that legalizes digital signatures, and by Bulgarian President Petar Stoyanov to
electronically sign the Bulgarian Electronic Document and Signature Act. E-Lock
products are used across Government, Healthcare and Financial organizations around
the globe.

For more information, please visit http://www.elock.com.
For enquiries contact
PR@elock.com

Web Site = http://www.elock.com

Contact Details = 1105, Waverly Way

McLean, VA 22101,
Phone: 703 734 1224
Frontier Technologies Corporation (E-Lock)
Email: info@elock.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •