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Ycompli Blog

Welcome to the Ycompli Blog - the official blog of Assurance Concepts, LLC.

SAS 70 Type I Audit

There are two types of SAS 70 audits (Type I and Type II). Many organizations are not certain which audit best fits their needs or is required for their companies objectives. The basic fundamental of a SAS 70 Type I audit is an audit report that provides an opinion on the description of the service organizations controls as of a point in time. This snap shot audit provides a description of controls at the service organization that is validated by an independent auditor.

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SAS 70 Readiness Assessment | How to Prepare for a SAS 70 Audit

There are many organizations who have either internally decided that a SAS 70 audit is in their long term goals or their customers have decided this form them. Either way, proper planning and documentation of policies and procedures is a critical success factor to completing a SAS 70 Type I or Type II audit.

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HITECH | reforming HIPAA compliance (Part I)

With the passage of the American Recovery and Reinvestment Act (ARRA) of 2009, new HIPAA provisions were created which resulted in the HITECH Act. So what is all the noise about HITECH affecting service organizations….since this new provision became effective, service organizations or as the HITECH act indicates “Business Associates” are now responsible for their own compliance with HIPAA, which is enforceable by law with financial penalties for none compliance. Previously HIPAA was only enforced at the Covered Entity (e.g.

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SAS 70 Audit or SAS 70 Certification?

This is undoubtedly the most common question I received throughout the day…every day! The simple answer is that SAS 70 is not a certification, it is an audit framework designed by the American Institute of Certified Public Accountants. This widely known audit standard that is completed by CPA firms has become rapidly referred to and perceived across the industry as a certification. Unfortunately we do not have the benefit of issuing one page certificates or a stamp of approval, but we are faced with issuing reports sometimes 100+ pages in length to accurately...

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The SAS 70 Audit Standard is Changing! Are you prepared?

Statement on Auditing Standards No. 70 (SAS 70) has rapidly become a known standard worldwide and its own publicity is ultimately the cause for change (about time). Well it is inevitable that things change, but the new standards that will likely replace SAS 70 audit comes with more flexibility and more responsibility of the service organization.

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Assurance Concepts, LLC

Welcome to our Blog and discussion board. Here you can request, comment and get updates on some of the most recent developments affecting compliance. Our Blog is also a great place to stay up to date on Assurance Concepts’ current activities. We felt having a place to share important compliance updates, promoting open communication channels and sharing best practices was significantly needed in our industry. Feel free to submit questions, comment on postings, or general requests that you would like discussed.

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