August 10, 2006 -- (WEB HOST INDUSTRY REVIEW) -- CrystalTech Web Hosting (crystaltech.com), the Web hosting subsidiary of Newtek Business Services (newtekbusinessservices.com), announced on Wednesday that it has been awarded Type 1 certification under Statement on Auditing Standards No. 70. The examination was conducted by Grant Thornton.
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SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. The certification shows that a service organization has been through an in-depth audit of its control activities, which included controls over information technology and related processes.
"This self-initiated audit process demonstrates CrystalTech's commitment to its customers as a reliable, transparent, secure Web hosting service that is focused upon minimizing risk, increasing value, maintaining service availability and preserving client privacy and data security," says C. J. Brunet, executive VP of strategic planning and marketing for Newtek Business Services and CrystalTech. "A SAS 70 audit is the primary means by which a service provider can convey the effectiveness of its internal controls."
This SAS 70 audit is part of Newtek's ongoing strategy to develop a better business and illustrates its commitment to quality, continuous improvement, business transparency and risk management.
