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SAS 70

What is SAS 70?

  • Statement of Auditing Standard No 70 (‘SAS 70’)
  • Issued by American Institute of Certified Public Accountants (‘AICPA’),
  • Deals with 'Reports on the Processing of Transactions by Service Organization's,
  • Meant for all entities that use a Service Company for conducting transactions and maintaining related accountability and/or for recording transactions and information processing.

How Coral can help?
Typical milestones include the followings:
Phase I - Co-develop Client Expectations
Phase II - Finalize Description of Controls & Test Plan
Phase III – Walkthrough of Controls
Phase IV - Perform Tests of Operating Effectiveness
Phase V – Report submission
SAS 70 Value Proposition
  • Independent Third Party Verification of Controls
  • Distinguishes a Company over its competitors
  • Benefits similar to a Internal Audit System
  • Report accepted by third parties as a substitute for audit
Why Coral?
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, DPA), Business Continuity (BS25999) and IT Service Management (ISO 20000). Coral provides consulting, training and compliance solutions to address benchmarking and adaptation of these industry standards to your organisation.
For a detailed proposal or simply ‘how we can help’, please call +91-9910779519 or write to us at pc(at)coralesecure.com

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