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Are you concerned about whether you’re adequately prepared for your organization’s upcoming McGladrey & Pullen SAS 70 audit?

Companies who are well prepared for a SAS 70 audit are less likely to receive surprising qualifications on their auditor’s report. A preliminary SAS 70 readiness review can better prepare and inform you of what actions to take in order to have a successful SAS 70 audit.

A successful review greatly increases the likelihood of a SAS 70 report that accurately reflects the controls and operations you’d like to provide to your clients.

How we can help
The experienced professionals at RSM McGladrey offer a quick-hitting, high-level review of both logical and physical security controls that may be completed in as little as four days.

The results of our SAS 70 readiness review provide a road map for procedures, controls and documentation that should be in place before the formal SAS 70 audit. We find that a preliminary SAS 70 readiness review is the most efficient way to help a client prepare for the SAS 70 audit.

At the close of our SAS 70 readiness review, you receive a valuable management letter that gives you practical, detailed recommendations including:

• Findings regarding the specific weaknesses we observed during our review
• Specific recommendations for improving controls
• Level of risk related to any control weaknesses
• Level of difficulty to resolve any control weaknesses

The recommendations are rated for relative risk associated with the current situation and degree of difficulty to implement the recommendation.

These ratings help management establish priorities and understand the risks that may exist. We also provide exhibits that support our findings and recommendations.

As a result of our preliminary SAS 70 readiness review, you are better able to:

• Understand the components of your control environment and risk posture
• Prepare your staff for the formal SAS 70 audit
• Take preemptive actions to address any material control deficiencies that may exist

Our SAS 70 readiness review service may be most helpful to those clients who are preparing for their first SAS 70 audit. However, organizations that have gone through the SAS 70 audit process before often choose to take advantage of a preliminary review in order to identify potential high-risk areas that may have surfaced since their last SAS 70 audit. Such clients benefit from greater efficiencies at their next SAS 70 audit.

Why RSM McGladrey
RSM McGladrey, a provider of financially focused business services to midsized companies, understands how difficult it can be to prepare for a SAS 70 audit. With this in mind, we offer a customized, flexible approach that’s based on your specific needs.

To learn more about our services, call 800.648.4030, e-mail TRMS@rsmi.com or visit www.rsmmcgladrey.com.