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How a SAS 70 Report Supports Business Growth
Many service providers use their SAS 70 report as a strategic marketing tool. It attests to the integrity, reliability, effectiveness and security of a company’s processing services, and makes a bold statement to your clients.
- SAS 70 Audit
- MFA SAS 70 Solutions
- MFA - The Clear Choice for Your SAS 70 Needs
From insurance and medical claims processors, hosted data centers and application service providers (ASPs) to payroll, billing and credit processing organizations – these service organizations are all facing increased pressure to provide independent, third party assurance of adequate controls and safeguards governing their services. In fact, many are even finding that the requirement for such evidence is quickly becoming a contractual requirement for doing business.
If you are a service organization that processes financial transactions, hosts financial data or performs other significant services that can have a direct impact on a company’s financial statements, having a SAS 70 Report will allow you to confidently demonstrate to your customers and your customers’ auditors that your organization’s infrastructure, internal controls, applications and processes are appropriately designed and operating effectively. |
MFA’s SAS 70 professionals guide companies through the SAS 70 process, offering Type 1 and Type 2 service auditor’s reports, as well as SAS 70 audit preparation advisory services designed to prepare companies for an upcoming SAS 70 examination.
MFA’s SAS 70 Solutions provide much more than just a SAS 70 Report. As part of our comprehensive SAS 70 audit procedures, we also strive to identify the root cause of systemic breakdowns and offer our recommendations for practical, pragmatic solutions to improve an organization’s internal controls and operating efficiencies. The resulting deliverables allow our clients to confidently demonstrate that their infrastructure, applications and processes are appropriately designed and operating effectively, paving the way for them to build trust with their customers. |
An Unparalleled Track Record with Proven Expertise
MFA’s solid audit and assurance track record, extensive SOX work, and unparalleled IT and internal controls consulting expertise demonstrates the strength and range of our solutions. The exceptional knowledge base and vast experience amassed over the years puts us in the unique position of being a single source for regulatory, technical and operational guidance. In working with MFA, clients are secure in the knowledge that they are working with truly seasoned professionals who consistently deliver the ideal combination of expertise, service and price.
A Reputation for Quality and Value
We not only provide high quality output but our quality standards also extend to the communication, relationships and research that feeds the audit process. We prioritize a responsive, value-driven, hands-on approach that allows us to thoroughly comprehend the intricacies of the client business and building two-way communication to facilitate an effective, comprehensive SAS 70 audit engagement. |
| Benefits of a SAS 70 Report |
Inherent Value of a SAS 70 Report |
- Provides independent verification of effectively designed control objectives and control activities
- Satisfies customer audit requirements, Sarbanes-Oxley 404 requirements and other regulatory requirements
- Satisfies contractual requirements
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- Demonstrates a committed investment in mitigating customers’ exposure to risk
- Contributes to a service provider’s overall professional image and serves to build trust with customers
- Provides a competitive advantage in a crowded market of service providers
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What is a SAS 70 Report?
A SAS 70 Report is designed to provide information and
assurance about controls within a service organization to user organizations (customers) and their auditors. The services are conducted in accordance with the American Institute of Certified Public Accountants (AICPA) [...]
Read: Introduction to SAS 70 |
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