Benefits to Service Organizations

SAS70 Becomes SSAE16 – New Options and New Requirements. Read more. 

Service organizations receive significant value from having a SAS 70 audit. Benefits include:

  • Generating new revenue opportunities by opening new markets. A SAS 70 audit provides a compelling point of difference for your firm. It could open the door to larger businesses and publicly traded companies that weren't prospects before because they are required to do business with SAS 70-compliant service providers.
  • Retaining customers in a rapidly changing environment. Simply put, a service provider without a SAS 70 audit risks losing business from customers who require their providers to have SAS 70 audits.
  • Building customers' trust. Armed with a SAS 70 audit, you can prove to customers and prospects that your company is committed to safeguarding their data and assets. They'll have peace of mind knowing the proper internal controls are in place and operating effectively to protect their data and assets.
  • Improving your company's internal controls. Because a SAS 70 audit evaluates your control policies, independent auditors can often identify ways to improve your own operations and increase your efficiency. In addition, your company can use the report as a training tool for your staff.
  • Helping to expose weaknesses and inefficiencies in your IT environment. A SAS 70 audit incorporates a review of the IT controls that are in place to protect your customers' data and assets.
  • Maximizing your company's resources. Having a SAS 70 audit can reduce or eliminate the need to fulfill individual audit requests from customers throughout the year, which can strain your resources. 

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.