Welcome to Statement on Auditing Standards or SAS-70. The corporate scandals at Enron, Tyco and Worldcom, have dictated that corporate compliance become a huge priority at companies of all sizes and from all industries, and SAS-70 has become the standard for auditing information technology providers. In the last five years, IT departments have seen great increases in regulations associated with corporate compliance in their industries, especially in many fortune 500 companies whichin which the software is used.
I found this article to be particularly interesting because we hear so often about the regulations that have come into place because of the Sarbanes Oxley Act following Enron and other disasters, yet we are never told how these regulations are upheld. Information Technology picks up the grunt work where the people leave off. It is truly interesting to see how Information Technology alone can keep a company on the straight and narrow, allowing them little deviation to stray as is the case with SAS-70. Ideally SAS-70 will keep further mishaps from occuring in the business world.
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