PROBLEM#1

PROBLEM#1

Problem #1

Role of SAS 70 in Reviewing Internal Controls

American Institute of Certified public Accountants (AICPA) developed the well organized and well known set of auditing standard for service organization known as Statement on Auditing Standards (SAS) No. 70. This is widely accepted by most of the organization whenever an auditor examines the performance of the business. This control is the need of time as the global economy of the world; customers demand the service organizations to protect their data belonging. Hence, SAS 70 facilitates the service auditor (an independent auditor) to issue an opinion on the description of controls for ...