SAS 70 audits
Employee Benefit News, August, 2006 by Charles Denyer
This is the second in a series of articles on SAS 70 audits. The first, an introduction to SAS 70 audits, appeared in the June 15 issue and can be accessed at BenefitNews.com. Without question, outsourcing providers (i.e., "service organizations"), such as third-party administrators, plan administrators and professional employment organizations, play a vital and critical role in the day-to-day activities of many businesses.
From traditional claims handling to important fiduciary and trustee responsibilities, these organizations administer and carry out many time-consuming and demanding benefits activities, ultimately helping to ensure a company's success. Now, more than ever, companies that use service organizations are demanding SAS 70 audits from their outsourcing...
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