Description
The Statement of Auditing Standards No. 70 (SAS 70) defined the standards that an independent auditor, or service auditor, must employ in order to assess the contracted internal controls of a service organization, which include controls over IT and associated processes.The SAS 70 standard was replaced by a new standard in June of 2011. Please research the new standard published by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). Write at least a one page report explaining the difference between the two standards.
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