Wednesday, October 17, 2007
Wednesday October 17,GARDEN CITY, N.Y.-- What is a SAS 70? SAS 70 is an internationally acknowledged auditing standard created by the AICPA (American Institute of Certified Public Accountants), which allows a service organization to make known their control activities and processes to clients' auditor in a standardized reporting format. When the issuance of a service auditor's report is prepared in accordance with SAS 70, it signifies that a service organization has had its control objectives and control activities evaluated by an independent accounting and auditing firm. Therefore this report provides valuable information to the users, regarding the service organization's controls and the effectiveness of those controls.
October 2007-EC Infosystems announces their successful completion of SAS 70, thus signifying to their clients the effectiveness of EC Infosystems controls in regards to the processing services of electronic transactions. This examination was performed in accordance to guidelines set forth by the AICPA. To ensure the completion of this intense audit EC Infosystems's management developed, implemented and thoroughly tested control objectives for their vital areas of internal processes that sustain the general controls for the processing services of electronic transactions.
In the words EC Infosystems's President, Mohan Wanchoo, "When all is said and done, the sole difference between us and our competitors, is our commitment to the quality service we provide for our clients." The dedication, it took to guarantee the successful completion of the SAS 70, is a direct reflection of dedication and commitment to quality that EC Infosystems provides to their clients.
EC Infosystems is a fast-growing electronic commerce solutions firm with more than 300 clients across the United States, Canada, Mexico and Europe. The company's sophisticated transaction processing software typically affords cost savings to its clients. EC Infosystems' national scope and economies of scale often translate into higher efficiency and lower per-transaction costs