Ask The Auditor

Employee Benefit News, September, 2006 by Charles Denyer

As a benefits manager, I outsource many traditional employee benefits functions, such as payroll and claims administration for worker's compensation and disability. How do I know which outsourcer is supposed to provide me with an annual SAS 70 report? Recent years have witnessed the steady growth of outsourcing many traditional benefits activities, and this is surely going to continue as companies look for ways to cut costs and gain efficiencies.

However, watching over these critical functions are paramount in today's complex and ever-changing business world. Aside from the obvious requirements set forth by the Sarbanes-Oxley Act of 2002 (SAS 70 Article; June 15, 2006 issue), you need to request SAS 70 audits from any organization that is providing critical and vital...

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