Beaverton, Ore. — January 11, 2010 — EasyStreet® Online Services Inc. has announced the successful completion of their SAS 70 Type II audit.
A widely recognized auditing standard adopted by the American Institute of Certified Public Accountants (AICPA) in 1992, the Statement on Auditing Standards (SAS) No. 70 audit report provides independent third-party verification regarding the validity and functionality of a service provider’s internal controls and processes. This is an important document for all customers and prospects, especially those who must validate the security of their financial and sensitive information controls.
At the conclusion of a SAS 70 audit, the auditing firm renders an opinion on the service organization’
When the auditing firm tests and concludes that the service provider’s controls are in place and functioning as described, the auditor renders an “unqualified opinion.” While a SAS 70 audit is technically not a “pass” or “fail” audit, the receipt of an unqualified opinion from the service auditor is often referred to as “passing” the audit.
Said EasyStreet President and CEO, Rich Bader, “Achieving an unqualified opinion for this SAS 70 audit is a critical milestone in EasyStreet’s evolution. I knew our processes, people and internal controls were sound, but it was necessary to pass a SAS 70 audit to satisfy the larger customers we are now able to serve. Transparency and trust is something we¹ve always maintained with our customers. This comprehensive and independent audit serves to verify that we are doing exactly what we say we are doing and have done so for a period of time. I’m proud — but not surprised — that we were able to pass on our first audit.”
EasyStreet’s SAS 70 audit was conducted by Linford & Company LLP of Denver, Colorado.
