Synectics Group knows the importance of providing quality services and meeting the SAS-70 audit opinion expectations of publicly traded corporations for their trade promotion management (TPM) vendors and trade management solution (TMS) vendors. To that end, Synectics Group Type I and Type II SAS-70 audit reports with the auditors’ expert opinions are available upon request.
SAS 70 was developed by the American Institute of Certified Public Accountants (AICPA) for service providers that want to prove a high level of insight into the control environment. SAS 70 has become one of the most widely recognized auditing standards for service companies. Contrary to some vendor’s web sites, there is no official SAS 70 certification. Instead, a SAS 70 is an independent auditors opinion on the control environment. Each SAS 70 audit is conducted only by certified professionals adhering to strict standards set by the American Institute of Certified Public Accountants. (AICPA) Each audit contains a detailed overview of the control environment, an auditors opinion and the audit results in a detailed matrix. SAS 70 is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. The SAS 70 Type II audit included comprehensive reviews and tests of Synectics Group’s infrastructure, including power, physical and electronic security measures, backup and recovery procedures, network security, maintenance procedures, infrastructure and software development change management, environmental safeguards, and communications.
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