End of Software, The: Finding Security, Flexibility, and Profit in the On Demand Future
by Timothy Chou
Audit Planning
Good IT management requires regular independent security audits of the operations. SAS 70 Type 1 and Type 2 audits are recognized standards in the industry. Developed by the American Institute of Certified Public Accountants (AICPA) and launched in 1992, the internationally recognized Statement on Auditing Standards (SAS) No. 70 provides an independent verification of the descriptions of a service provider's control activities and processes.
A SAS 70 audit is particularly useful for companies that outsource the management of certain parts of their operations and need to undergo annual financial audits. They can show their auditor the SAS 70 report of their service suppliers so the auditor doesn't need to do annual financial audits. ...
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