SAS 70 Auditors | Accounting Consulting FirmSAS 70 Audits, the AICPA’s acronym for Statement on Auditing Standard No. 70, serve as due diligence for a service organization’s processing of transactions on behalf of another entity. At Feeley and Driscoll, our SAS 70 Auditors in our Boston Accounting Consulting Firm differentiate between the two different SAS 70 report types and perform both Type I (Reports on Controls Placed in Operations) and Type II (Reports on Controls Placed in Operations and Tests of Operating Effectiveness) reports for client service organizations. The SAS 70 audits and opinions provide our service clients and the user auditors of their clients with information as to whether or not the controls in place at the service center are designed appropriately and operating effectively. Why A SAS 70 Audit?Organizations that provide a service that materially impacts the financial statements of both publicly traded and privately held companies may be required by their clients to undergo a SAS 70 Audit of their operations. Examples of such service organizations include but are not limited to: claims processors, data storage, payroll and billing services, web hosting, investment advisors, or market research firms. What are the Benefits of a SAS 70 Audit?With a SAS 70 Audit, an organization can distinguish internal processes as a competitive advantage through established best practices. In the case of start-ups, having an unqualified SAS 70 opinion issued by an independent Audit, Accounting, and CPA services firm can differentiate an organization from its competitors in demonstration of effective design control objectives and activities. Find out how our expertise in accounting consultants can add value to your business. Email us or call us at 1 (888) 875-9770.
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