October 27, 2004 — (WEB HOST INDUSTRY REVIEW) — IT outsourcing provider RagingWire Enterprise Solutions Inc. (ragingwire.com) announced on Tuesday it has successfully completed the SAS 70 audit, an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants No. 70. The SAS 70 audit focuses on the internal controls related to the hosted data center and its services, says RagingWire, and is a key requirement for companies performing data center functions for security-sensitive and regulated organizations.
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“Stakeholders may place more reliance on the controls at a service organization who has undergone a SAS 70 audit than a company that has not,” says Scott Price, president of auditing and accounting firm, SAS 70 Solutions. “By utilizing a firm specializing in performing SAS 70 audits, RagingWire’s controls are measured against best practice standards to provide feedback for continuous improvement of its services and controls.”
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Managed service companies employ the SAS 70 audit to disclose their internal controls and processes to their clients. The SAS 70 inspection focuses on five components of internal control: control environment; risk assessment; control activities; information and communication systems; and monitoring.
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“We are excited to have successfully completed the SAS 70 audit, which is critical to fulfilling our large Fortune 1000 and Fortune 500 public clients’ compliance requirements,” says Yatish Mishra, president and CTO of RES. “Providing a high level of quality assurance gives our clients complete confidence in knowing that our managed services and collocation solutions have met the industry’s highest standards and best practices.”
