Standard Register Receives Unqualified SAS 70 Opinion
Press release from the issuing company
DAYTON, Ohio--Nov. 4, 2003--Recent regulations such as the Sarbanes-Oxley Act, the Health Insurance Portability and Accountability Act (HIPAA) and the Gramm-Leach Bliley Act have created an increased focus on internal controls, security and privacy issues. Companies are determined to do business with suppliers that can provide assurance that their operations possess adequate and effective internal controls, the highest security standards and tightest quality controls. Standard Register is pleased to announce that its Fulfillment Services operations have been issued an unqualified opinion following a Statement on Auditing Standards (SAS) 70 Type II examination conducted by Ernst and Young.
The SAS 70 Type II examination included eight control objectives pertaining to secure document handling operations including credit card services, statement generation and check generation, which Standard Register provides for financial, healthcare and other industries.
"The unqualified opinion is fantastic news for Standard Register and our customers," said Jeff Relick, president of Standard Register Fulfillment Services. "It provides independent assurance to companies doing business with Standard Register that secure controls and safeguards are in place to host or process their customers' personal data."
Statement on Auditing Standards (SAS) No. 70, Service Organizations, is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. A SAS 70 examination is widely recognized because it represents that a service organization has been through an in-depth audit of control activities, which generally include controls over information technology and related processes. Looking to the unqualified opinion from independent auditors, customers no longer have to conduct lengthy audits of their own, saving them time and money.
Standard Register Fulfillment Services is a leading provider of fully integrated solutions that improve the effectiveness of business communication processes. Its array of products and services range from Web-based design and print on demand to digital asset management, Internet presentment, document outsourcing, statement and billing services and kitting.
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