SAS 70 Type II Audit Completed By RagingWire Enterprise Solutions » read source
RagingWire Enterprise Solutions, Inc., a data center infrastructure and managed services provider, is pleased to announce it has successfully completed the SAS 70 Type II audit with no exceptions. Widely accepted as the industry standard for IT service providers, the SAS 70 Type II audit independently assesses and reports how well a service provider effectively manages internal controls to meet the requirements of the Sarbanes-Oxley legislation.
"SAS 70 certification is very important to RagingWire because it fulfills our Fortune 1000 clients' compliance requirements. Our successful completion of the Type II audit is proof of our commitment to maintaining the highest standards, reaffirming our customers' confidence in our reliable and efficient processes and in our ability to safeguard their assets," noted Yatish Mishra, President and CTO of RagingWire.
This includes Control Environment, Physical Security, Environmental Protection, Computer Operations, Information Security, and Data Communications. RES initiated the SAS 70 Type II audit to ensure its clients that its operational practices and hosting services have met the latest federal requirements. Since beginning its SAS 70 certification initiative, RES has successfully passed the audit for four consecutive years.
Scott Price, president of auditing and accounting firm, SAS 70 Solutions commented: "As the complexity of federal regulations grows, who a company selects as its service provider could impact the success or failure of its compliance efforts. Service providers that have completed the SAS 70 Type II audit provide their clients assurance that the operating effectiveness of key business operations was audited."
There are two types of SAS 70 reports. A Type II report is more exhaustive and includes the organization's description of controls, as well as detailed testing of its controls over a minimum time period of six months. RES received this second, more complex certification with no exceptions throughout. Due to the increasing criticality associated with security, along with the need to comply with federal regulations and ever increasing disruptions to business activities resulting from security breaches, a growing number of organizations are looking toward Managed Security Services. Government regulations and potential liability continue to be the biggest factor driving information security.
Compliance with the Sarbanes-Oxley Act of 2002 is a major concern and top priority for CEOs, CFOs, boards of directors, and audit committees of public companies, not to mention auditors, accountants, attorneys, and regulatory governing bodies. Often times, IT executives are faced with a myriad of gaps in their IT organization that require remediation, as well as necessitate the investment of people, time, and capital expense.