SAS 70
American Institute of Certified Public Accountants (AICPA)
“Statement on Auditing Standards No. 70: Service Organizations”
United States
Reval meets the regulatory needs of clients who seek compliance with Sarbanes-Oxley (SOX) provisions that require them to retain third-party service providers who have SAS 70 Type II certification by an independent auditor.
SAS 70 designates an auditing statement issued by the Auditing Standards Board of the AICPA that establishes the standards used by auditors who independently evaluate the adequacy of the controls and processes used by service providers. Reval meets the conditions required of the more stringent Type II certification, which requires an independent auditor to validate in their opinion that the controls and processes established and used by Reval are effective over its one year evaluation period. Type I certification is a less robust standard that assures effective controls and processes are valid for just a single evaluation day, not an entire reporting period.
Reval has received SAS 70 Type II certification from a Big 4 auditor for consecutive years since 2005.
Reval Wins Bright SOX Award for Good Corporate Governance from Treasury Today: Adam Smith Awards >>
