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Kaplan Financial Compliance is giving its clients one more
reason they can trust their data with this technology firm: Kaplan has received
its Statement on Auditing Standards (SAS) No. 70 Type II certification.
This certification not only boosts the confidence Kaplan
clients can have in the company, but it comes without the need for them to
expend their time and energy performing audits on Kaplan’s security, according
to Phil Dayalu, director of Information Technology for Kaplan Financial
Compliance.
“Type II is especially important because it gives our
customers assurance that their data is secure, the necessary controls are in
place, and that these controls are functioning properly,” Dayalu explained. “Since
the steps to complete Type II certification include actual testing, we’ve
eliminated the need for our customers to do their own audits of our systems,
saving them significant time and resources.”
Developed by the American Institute of Certified Public
Accountants (AICPA), SAS 70 certification means that a service organization or
provider has demonstrated that it has adequate controls and safeguards when it
hosts or processes data belonging to their customers.
SAS 70 audit reports are essential to companies who use Web-based
software applications (or SaaS) and are involved in the exchange of confidential
data. The SAS 70 Audit Report documents the adequacy and completeness of the
SaaS vendor’s internal controls for protecting data.
Most businesses begin with a SAS 70 Type I audit, which assesses
whether the SaaS partner’s internal controls are fairly and completely
described and whether they have been adequately designed to meet set objectives.
SAS 70 Type II audits go a step further to test those controls in operation.
“At Kaplan Financial Compliance, we will continue to take
all steps necessary to maintain our leadership role in the industry and ensure
that our customers feel confident in our ability to help them grow as the
industry changes,” said Zach McCoy, vice president for Sales and Marketing. “Obtaining
a SAS 70 Type II certification demonstrates that commitment.”
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