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Vendor Management and the SAS 70 Replacement
I’ve written about the replacement for the SAS 70, which officially phases out on June 15th, previously. But because this one report is being replaced with 3 new reports, financial institutions have an additional challenge that they didn’t have before. Your vendor management program must now determine the most appropriate report to request based on…
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AICPA finalizes SAS 70 replacement
I wrote about this here as well, but it’s now official: The AICPA has clarified the SAS 70 replacement reports. They are actually officially being referred to as “Service Organization Control Reports (formerly SAS 70 reports)”. The new SOC reports provide a framework for auditors to examine controls and to help senior management understand the…
