Wednesday, April 7, 2010

Web Host Codero Completes SAS 70 Type I Audit

WEB HOST INDUSTRY REVIEW) -- Web hosting provider and data center operator Codero ( announced on Thursday it has completed its first Statement on Auditing Standards No. 70 audit, following a detailed, independent assessment of internal controls for company-wide policies and procedures.
SAS 70 Type I certification evaluates the current state of a service provider's control environment and effectiveness in meeting control objectives.
The process evaluates the areas of operations and control environment, monitoring and risk assessment, information systems and general computer controls, control of access to computer programs and security of data, control of new development and changes to existing programs and systems, and user responsibilities.
SAS 70 is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants.
A Type I service auditor's report provides a description of controls at a specific point in time, whereas a Type II report includes the service organization's description of controls as well as detailed testing of its controls over a minimum six-month period.
New York Internet Company also recently completed a SAS 70 Type I audit for its data center in New Jersey.
"Completing SAS 70 Type I certification has been an important process for Codero to undertake," says Shawn Hashmi, director of operations at Codero. "In light of Sarbanes-Oxley and a growing number of state privacy laws and rulings, the audit allows us to be very transparent with customers in demonstrating that we utilize a sound system of internal controls."
With the SAS 70 Type I audit now completed, Codero is pursuing SAS 70 Type II certification for its data center and corporate-wide operations, which it aims to completed by July 31.
The auditing services for the SAS 70 Type I report were provided by accounting firm Mayer Hoffman McCann P.C. through a strategic association with CBIZ.Â
More details about the SAS 70 audit's control objectives and activities within Codero's Phoenix data center and Overland Park, Kansas corporate headquarters can be found at the Codero website.


Post a Comment