If your organization provides services to an entity that have an effect on the entity's financial statements, then you may be asked to provide a report on internal control for the benefit of the entity's management and their financial statement auditors.
What type of audit should you be looking for?
A SAS No. 70 audit will be your solution.
Statement on Auditing Standards No. 70 (SAS 70) is an internationally recognized auditing standard for service organizations.
Working closely with staff of the client, Sumeru adopts a phased approach in SAS 70 implementation. The five stages are as follows:
- Planning and pre-assessment
- Identification and Definition of control objectives, both internal and external, in sync with the company's control environment.
- Documentation
- Design and execution of testing
- Reporting
Compliance Management and Training are also offered as part of our Consultancy Services.