A very common question! The simple answer is that SAS 70 is not a certification, it is an audit framework designed by the American Institute of Certified Public Accountants. This widely known audit standard that is completed by CPA firms has become rapidly referred to and perceived across the industry as a certification. Unfortunately we do not have the benefit of issuing one page certificates or a stamp of approval, but we are faced with issuing reports sometimes 100+ pages in length to accurately describe and evaluate a company’s operations. If you want to be correct, let’s call it a SAS 70 Audit, if you want to be understood then maybe we just continue calling it a certification.
For more information on SOC reporting, please post a comment below or contact our Risk Advisory Services Group at 440-449-6800.
Looking for additional ways to grow your business? Visit us at www.skodaminotti.com. Or, subscribe to the Skoda Minotti Blog, follow us on LinkedIn, Twitter @skodaminotti, and Facebook or simply contact us at any one of our four office locations: Cleveland, Akron, Westlake or Tampa.