PAYDAY PAYROLL is one of the few service bureaus with SAS-70 certification. Please click here to see what “Stephen Merrit CPA” had to say about us.
SAS 70 Overview
Statement on Auditing Standards (SAS) No. 70, Service
Organizations, is a
widely recognized auditing standard developed by the American
Institute of Certified Public Accountants (AICPA). A service auditor's examination
performed in accordance with SAS No. 70 ("SAS 70 Audit") is widely recognized, because
it represents that a service organization has been through an in-depth audit of
their control objectives and control activities, which often include controls over
information technology and related processes. In today's global economy, service
organizations or service providers must demonstrate that they have adequate controls
and safeguards when they host or process data belonging to their customers.
In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make
SAS 70 audit reports even more important to the process of reporting on the effectiveness
of internal control over financial reporting.