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Article: Ask The Auditor: Getting answers about SAS70: Who must provide reports? Are there standard business process control objectives?
- Article from:
- Employee Benefit News
- Article date:
- September 15, 2006
- Author:
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As a benefits manager, I outsource many traditional employee benefits functions, such as payroll and claims administration for worker's compensation and disability. How do I know which outsourcer is supposed to provide me with an annual SAS 70 report?
Recent years have witnessed the steady growth of outsourcing many traditional benefits activities, and this is surely going to continue as companies look for ways to cut costs and gain efficiencies. However, watching over these critical functions are paramount in today's complex and ever-changing business world.
Aside from the obvious requirements set forth by the Sarbanes-Oxley Act of 2002 (SAS 70 Article; ...