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News: EthicsPoint Successfully Completes SAS 70 Type II Audit
Portland, Ore. – May 1, 2008 – EthicsPoint, Inc., a market leader in business process optimization for Issue, Event, and Loss Management, announced today that it has received SAS 70 Type II certification, an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). Third-party auditor Plante & Moran, PLCC, performed the audit, which is an independent report on the design of EthicsPoint’s business processes and procedures.
"We are thrilled to receive this important certification,” said David Childers, president and chief executive officer of EthicsPoint. "We pursued the more arduous Type II certification to demonstrate the rigorous processes, procedures, and internal controls we have in place surrounding our on-demand, Software-as-a-Service solutions."
The Sarbanes-Oxley Act of 2002 requires that publicly held companies verify that certain of their service providers have adequate controls in place to protect the information housed with that third party. A SAS 70 Type II Service Auditor's Report provides this verification.
SAS 70 is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. A SAS 70 examination demonstrates that an independent firm has reviewed and examined an organization’s control objectives and activities. At the conclusion of a SAS 70 examination, a formal report, including the auditor’s opinion, is issued to the organization.
Click here to learn more about SAS 70.
Click here to download a PDF of this release.
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