ALLENTOWN, Pa. Feb. 14, 2011 INetU
"As companies continue to expand their businesses internationally, ISAE 3402 compliance will become increasingly important when choosing a managed hosting and cloud provider," said Dev Chanchani, president of INetU. "By passing our independent audit, we are meeting those needs in advance for our North American clients and providing compliant transactions for our clients abroad."
INetU’s third party auditor did not find any exceptions in their report. This means that for each control objective, INetU met or exceeded expectations.
ISAE 3402 was developed to provide an international assurance standard for allowing public accountants to issue a report for use by service organizations and their auditors.
There is a large and ever-growing list of international industries and business sectors that are considered service organizations for purposes of ISAE 3402 compliance. The growth in outsourcing, combined with increased mandates for security, will force more international businesses to comply with ISAE 3402 in the future.
Service organizations receive significant value from having an ISAE 3402 engagement performed. A Service Auditor’s Report with an unqualified opinion that is issued by an Independent Accounting Firm differentiates an organization from its peers by demonstrating the establishment of effectively designed control objectives and control activities. This helps build trust with customers and ensures that user organizations and their auditors have access to the same information.
Without a current Service Auditor’s Report, a service organization may have to entertain multiple audit requests from its customers and their respective auditors. This can place a strain on resources.
An ISAE 3402 engagement allows a service organization to have its control policies and procedures evaluated and tested by an independent party. Often, this process results in the identification of opportunities for improvements in many operational areas.
About INetU Managed Hosting
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