Payroll Solutions Earns SAS 70 Type II Certification; Certification Gives Public Companies Confidence in Outsourcing Payroll Services.PITTSBURGH -- Payroll Solutions today announces the successful completion of its first SAS 70 (Statement of Auditing Standards No. 70) An AICPA standard for auditing service organizations. Internationally recognized, it enables an independent auditor to review a service provider's controls for safeguarding its customer's data. Type II audit (Statement on Auditing Standards, No. 70, Service Organizations). This internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) is a vital third-party evaluation and recording of internal controls, along with the independent auditor's tests and findings. Payroll Solutions handles payroll, time and attendance, and human resource management systems for medium to large-sized organizations. Based on the Sarbanes-Oxley Act of 2002, the SAS 70 is a rigorous audit that legitimizes an outsourced "material service" such as payroll services for public companies. "Human resources and payroll services are the most sensitive aspects of doing business," states president and co-founder of Payroll Solutions, Michael Maggs. "SAS 70 is one more quality benchmark for our customers and reassurance that their sensitive payroll information and activity is secure and well managed. We have over a 98 percent customer retention rate due to the effective and secure way that we integrate service and technology for the payroll industry." Payroll Solutions selected Deloitte & Touche LLP to perform the audit because of their vast resources of expertise regarding internal controls and the Statement on Auditing Standards (SAS) No. 70. Payroll Solutions plans to continue to maintain this certification with regular audits. About AICPA's SAS 70 For more information on SAS 70, visit www.sas70.com About Payroll Solutions Established in 1994, Payroll Solutions provides a complete suite of workforce management technology and outsourcing services designed for medium to large businesses. Through its software suite, Payroll Solutions streamlines and manages each aspect of payroll processing, tax filing, human resources and time and attendance management. Headquartered in Pittsburgh, PA with a processing center in Huntington Beach, CA, Payroll Solutions has over 1,200 clients and has a team of Certified Payroll Professionals, tax analysts, technical support staff and sales consultants who work to deliver exceptional technology and service to the payroll industry. As a SAS 70 certified provider, Payroll Solutions is committed to a continued investment in technology and outstanding client service. For more on Payroll Solutions visit www.payrollsolutions.net |
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