Logicworks Completes ReportLogicworks has successfully completed its Statement on Auditing Standards No. 70 (SAS70), Type II examination
NEW YORK -- Logicworks (www.logicworks.net), an enterprise
level Managed Service Provider (MSP), today announced that it has
successfully completed its Statement on Auditing Standards No. 70 (SAS70),
Type II examination in conformity with the controls and objectives of
independent auditor, Rothstein Kass.
The SAS 70 provides assurance about whether the descriptions of the service
organizations' controls are fairly stated, whether the controls are suitably
designed, whether these controls are operating effectively, and provides
guidance for independent auditors who issue reports on the processing of
transactions by a service organization for use by other auditors.
Logicworks customers who are required to comply with regulations such as
Section 404 of the Sarbanes-Oxley Act, which requires management to
establish, maintain and assess an internal control structure for financial
reporting, can now take immediate advantage of this certification. By
outsourcing data hosting or transaction processing that affect a company's
financial reporting to Logicworks, customers have an immediate means to have
the necessary data center controls in place to satisfy their compliancy
"Our compliance-conscious high-availability customers require the business
assurance and compliance that only a SAS 70 Type II report can provide,"
explained Ken Ziegler, Logicworks CFO. "The controls that were tested
provide a clear indication of Logicworks' operating effectiveness -
specifically in terms of our ability to deliver on the promises we make to
customers regarding policies and procedures, physical and data security, and
data backup and recovery services."