CorporateGovernor newsletter

CorporateGovernor is a quarterly newsletter created to keep management, boards of directors and audit committee members abreast of issues that affect the marketplace and their businesses.

Our Summer 2010 issue features:

Boardroom awareness: Service organization reports in transition to new U.S. and international standards
The global economy is driving up the use of outsourcing arrangements as corporations seek to offload more and more business functions to service organizations. Those responsible for corporate governance must confront a host of potential new risks related to these third-party relationships. For almost 20 years, user and service organizations have relied upon U.S. Statement on Auditing Standards No. 70 (SAS 70) to report on controls at a service organization. The increasing importance of internal controls and related reporting, combined with the fact that many countries do not have their own standards for reporting on internal control over financial reporting at service organizations, generated a need to develop an international standard and align the U.S. standard with it.

Read the latest issue of CorporateGovernor to find out more about the new service organization standards that are set to replace SAS 70 by mid-2011. Is your organization prepared?

Download the Summer 2010 issue