Inflow Data Center Undergoes SAS 70 Audit

September 14, 2004  - (HostReview.com) - Today, Inflow-Nashville, a leading provider of outsourced technology services, announced it is undergoing a SAS 70 Type II Audit of its Internet Data Center (IDC) facility, in order to meet the compliancy requirements of several customers.

"We are excited to be going through the SAS 70 process to further assure our customers and prospects, particularly in the financial sector, of our strict security and process focus," said David Klements, General Manager for Inflow-Nashville. "As a leader in IT outsourcing, we strive to meet the ever-changing needs of our customers and actively pursue the necessary credentials they demand."

In today's global economy, service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers.

"Regulatory pressures such as those from Sarbanes-Oxley and the FDIC are prompting many businesses to pay closer attention to internal controls that safeguard processes with direct and indirect links to financial reporting," said Mark Fulford, head of LBMC's IT Assurance Group. "

As a result, many service providers seek the independent assurance provided by a SAS 70 report. We are pleased to be assisting Inflow-Nashville with this very important process."
Inflow-Nashville has hired Lattimore, Black, Morgan & Cain (LBMC), the largest regional accounting services firm in Tennessee, to conduct the audit.

While Inflow has already obtained the challenging ISO 9001:2000 certification, the Statement on Auditing Standards (SAS) No. 70 is another internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) that Inflow-Nashville is now seeking.

A SAS 70 audit or service auditor's examination is widely recognized, because it represents that a service organization has been through an in-depth audit of their control activities, which generally include controls over information technology and related processes.

In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on effective internal controls at service organizations.