SAS 70 Level II Statement of Audit
SAS 70 Level II Statement of Audit is an auditing statement issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). SAS 70 provides guidance to service auditors when assessing the internal controls of a service organization and issuing a service auditor’s report. SAS 70 also provides guidance to auditors of financial statements of an entity that uses one or more service organizations. Service organizations are typically entities that provide outsourcing services that impact the control environment of their customers. There are two types of service auditor reports. A Type I service auditor’s report includes the service auditor's opinion on the fairness of the presentation of the service organization's description of controls that had been placed in operation and the suitability of the design of the controls to achieve the specified control objectives. A Type II service auditor’s report includes the information contained in a Type I service auditor's report and also includes the service auditor's opinion on whether the specific controls were operating effectively during the period under review. Audit criteria can include Physical Security and controlled access to production equipment, data backups, change management, Internet access and policy and more.
Applications International Corporation maintains a SAS 70 Level II audit performed by a Big Four Certified Public Accountant which may be viewed on-site at our headquarters in San Diego, California. This audit provides our clients with transparency and reasonable, objective assurance that Applications International Corporation has appropriate internal controls in place to help ensure the integrity and security of client data.