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Auditing (Finance)

ALSO CALLED: Auditing
DEFINITION: SAS 70 (the Statement on Auditing Standards No. 70) defines the standards an auditor must employ in order to assess the contracted internal controls of a service organization. Service organizations, such as hosted data centers, insurance claims processors, and credit processing companies, provide outsourcing  … 
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The Hidden Costs of Compliance: Employee Morale
sponsored by Oversight Systems
WHITE PAPER: While the costs of Sarbanes-Oxley compliance continue to add up, executives must recognize the hidden costs. This paper discusses how SOX's ongoing requirements affect the companies who cannot afford to repeat the compliance efforts.
Posted: 14 Aug 2008 | Published: 14 Aug 2008
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A Leading Power Utility Reaches for Transactional Efficiency
sponsored by Oversight Systems
WHITE PAPER: In this case study, a leading power utilities company had a substantial amount of money being paid out in duplicate payments and auditor's fees. Read how Oversight Systems, Inc. helped them rein it all in.
Posted: 14 Aug 2008 | Published: 14 Aug 2008
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Communications Management in Integrated Tax: How Integration Tax Management Systems Can Benefit from Effective Taxpayer Communication Strategies
sponsored by Pitney Bowes Group 1 Software
WHITE PAPER: The white paper details Integrated Tax Management, software that brings together all State revenue collection processes, including those performed by the Federal Government, and collections on behalf of municipalities.
Posted: 17 Jul 2008 | Published: 01 Jul 2008
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Roundtrip Traceability: Enhancing Quality in the Software Development Lifecycle
sponsored by Telelogic, An IBM Company
WHITE PAPER: Roundtrip Traceability enhances quality in the software development lifecycle (SDL). This provides stakeholders and their customers with the ability to assess the impact of a change and report and monitor development to ensure continuous improvement.
Posted: 10 Jul 2008 | Published: 10 Jul 2008
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5 Steps Every CIO Should Follow to Increase Operational Maturity through Data Center Automation
sponsored by Stratavia
WHITE PAPER: This white paper is directed to technology executives who are looking to increase the efficiency and operational maturity of their IT operations and will discuss each step required to fully realize the potential of your technology investments.
Posted: 10 Jun 2008 | Published: 01 Jan 2007
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Secure Virtualization: Achieve and Maintain IT Security in Virtual Environments
sponsored by Tripwire, Inc.
WHITE PAPER: This whitepaper discusses how Tripwire Software can be used to control change and configuration management policies and processes. It also explains how it achieves and maintains a trusted state across both physical and virtual environments.
Posted: 27 Feb 2008 | Published: 01 Feb 2008
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Executive Guide: Budgeting for Compliance
sponsored by CIO Decisions
WHITE PAPER: Without a doubt compliance spending has become a significant portion of the IT budget. As a result, CIOs need to include more time, resources and budget dollars in their planning process. But how much is enough?
Posted: 21 Aug 2005 | Published: 05 May 2005
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AUDITING (FINANCE) DEFINITION (continued): …  services that affect the operation of the contracting enterprise. The SAS 70 was developed by the American Institute of Certified Public Accountants (AICPA) as a simplification of a set of criteria for auditing standards originally defined in 1988.

Under SAS 70, auditor reports are classified as either Type I or Type II. In a Type I report, the auditor evaluates the efforts of a service organization to prevent accounting inconsistencies, errors, and misrepresentation, and the likelihood that those … 
Auditing (Finance) definition sponsored by SearchCIO.com, powered by WhatIs.com an online computer dictionary



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