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SAS 70
Setting the bar for industry best practices among independent payroll service providers, TruPay Corporation has proactively taken steps to remain up-to-date with accounting standards – offering clients and client-partners with added “peace-of-mind” – as TruPay continually strives to address the current and future needs of its accounting and financial services partners.
SAS-70 continued endorsement provides TruPay’s clients with credible proof that their critical data is secure. The recognition of TruPay's industry leading solutions supports the company's on-going commitment to provide operational excellence with the highest levels of security, accuracy and reliability. Each independent endorsement of TruPay products and services reassures clients that TruPay is positioned to scale businesses operations with the highest levels of performance, and committed to keeping services at the forefront of best practices.
SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for management to obtain assertions about service organization internal controls without conducting separate assessments. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 reports even more important to the process of reporting on effective internal controls by public companies.
Unlike most other payroll service organizations which have decided against a SAS-70 audit, TruPay Corporation clearly defined the control objectives to encompass examination of controls from the organization’s network security and payroll/tax processing to new employee hiring practices, physical security surrounding data centers and the offsite storage of backup data handling.
