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Sas 70 And Ites

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Internal Control Auditing

Internal Control Auditing

Published in: Business
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  • Transcript

    • 1. Presented by : Abhinav Goyal Devang Bhuta Khyati Shah Sonali Gupta Vishal Kumar Jain
    • 2.
      • According to Compliance Week, March 15, 2005, "In some cases, auditors and consultants are recommending that companies dump vendors who won't get a SAS 70 audit. ... "
    • 3.
      • According to NASSCOM - McKinsey
      • Report 2009, India is the fastest growing IT hub in the world. It is a happening destination as far as IT industry is concerned.
    • 4. SOX Quality audit HR audit Different Control processes in an organization
    • 5.  
    • 6.
      • It's possible to qualify for SAS 70 certification and still be a fraud.
      • “ If they’re lying and committing fraud on their own books, there’s no reason to believe they wouldn’t do the same thing in connection with dealing with customers.”
    • 7.
      • SATYAM Fraud even after SAS 70 audit is a clear cut indication that much more regulations and procedures have to be implemented in SAS 70
    • 8.  

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