AmCheck Completes SAS 70 Audit Compliance For All Divisions
Released on = April 6, 2006, 2:53 am
Press Release Author = AmCheck
Industry = Human Resources
Press Release Summary = AmCheck, national provider of Professional Employee Organization (PEO) Services and Payroll Services today completed the SAS 70 Audit Compliance, which is an internationally recognized, auditing standard developed by AICPA. With SAS 70 AmCheck will be able to reveal their control activities and processes to its customers and their auditors in a uniform reporting format.
Press Release Body = 06-04-2006. Phoenix based AmCheck, national provider of ASO (Administrative Service Organization) and Payroll Services announced today they have completed the rigorous Statement on Auditing Standards (SAS) No. 70.
In today\'s global economy, service organizations or service providers must demonstrate that they have adequate business controls and safeguards when they host or process data belonging to their customers.
A SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) because it represents that a service organization has been through an in-depth audit of their business control activities, which generally include controls over information technology and related processes.
SAS No. 70 is the authoritative guidance that allows service organizations like AmCheck to disclose their control activities and processes to their customers and their customers\' auditors in a uniform reporting format. A SAS 70 examination signifies that a service organization has had its control objectives and control activities examined by an independent accounting and auditing firm. A formal report including the auditor\'s opinion (\"Service Auditor\'s Report\") is issued to the service organization at the conclusion of a SAS 70 examination.
SAS No. 70 is generally applicable when an auditor (\"user auditor\") is auditing the financial statements of an entity (\"user organization\") that obtains services from another organization (\"service organization\"). Service organizations that provide such services could be application service providers, bank trust departments, claims processing centers, Internet data centers, or other data processing service bureaus.
Some of the information above is based on the AICPA's audit guide entitled "Service Organizations, Applying SAS No. 70, As Amended". The audit guide is designed to provide guidance to auditors of companies that use service organizations as well as service auditors who perform SAS 70 examinations.
For more information, please contact David Blackman, Corporate Marketing Director, at email@example.com or firstname.lastname@example.org.
Web Site = http://www.amcheck.com
Contact Details = Address: AmCheck 10201 S. 51st Street Phoenix AZ, 85044