Hein & Associates LLP

Discover the competitive advantage of being ready to serve your clients in this new regulatory environment. Enhance your image as a quality service provider with a SAS 70 report.

Internal control reviews have become incorporated into "best practices" for both public and private companies. All publicly-traded companies must now undergo an audit of their internal controls, along with a financial statement audit. If a third party service organization processes transactions or transaction data for the company, their internal controls might also be subject to internal control evaluation.

A SAS 70 report offers an efficient means of providing assurance to the client companies that you serve, as well as their external auditors, that your internal control objectives over relevant systems, services, and the underlying information technology, are being met.

A SAS 70 report allows you to disclose your control activities and processes to your customers and their auditors. In a SAS 70 report, the service auditor concludes and gives an opinion that:

Your description of controls is fairly presented and placed into operation.
The controls are suitably designed to meet the control objectives and a disclosure of when they were placed in operation.
The control objectives will be achieved when the controls are followed.
The controls are operating effectively (Type II).

Our professionals conduct two types of SAS 70 reports:

Type I – This report outlines the organization’s controls at a specific period of time. It includes our opinion on whether the controls are fairly presented, suitably designed and placed in service as of a specified date.

Type II - The Type II report is more comprehensive than the Type I report. The Type II report provides your company’s description of your controls, as well as a detailed description of the testing we performed, which usually covers a period of six months or more. The report also includes the results of that testing, and our assessment of the operating effectiveness of those controls.

The professionals at HEIN & ASSOCIATES LLP provide a variety of internal control reviews for both public and private companies to help them ensure compliance with the provisions of the Sarbanes-Oxley (SOX) legislation. Our firm ranks among the top 10 in the nation in the number of public companies that we serve. HEIN & ASSOCIATES LLP offers you the expertise you need in a challenging regulatory environment.

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Tax
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Financial Reporting Standard (FAS) 109 Compliance
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Internal Controls
SOX 404 Compliance Services
SAS 70 Audits
Internal Control Audits and Reviews (including risk area assessments)
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