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"Quality Shows: How an SAS 70 Report Becomes a Marketing Tool"
Demonstrating a commitment to quality with an SAS 70 report can become a valuable part of your organization’s marketing strategy. An SAS 70 report affirms an organization’s good management practices and assures customers and prospective customers that transactions are processed appropriately and supported by good controls.
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"New Auditing Standards Design to Assess Risk
Over the past several years, widely publicized audit failures, such as Enron and WorldCom, have dramatically affected the setting of auditing standards and the focus of the audit process. The new standards are intended to enhance auditor performance and improve audit effectiveness.
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Article: "Audit Quality and Auditor Selection"
Generally, Federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series). If an employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent auditor for the plan. A quality audit helps ensure the financial integrity of a plan and protect plan assets. A quality audit also will help a plan administrator carry out its legal responsibility to file a complete and accurate annual return/report for the plan each year.
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