The Genesis Commitment to Excellence

Don't believe us...Believe our auditors!

The American Institute of Certified Public Accountants (AICPA) Statement of Auditing Standards No. 70 (SAS 70) Type II examination is an internationally recognized auditing standard. SAS 70 Type II is an in-depth, six-month procedural audit of controls over information technology, privacy, security, and related transactional processes of service organizations.

In today's global economy, service organizations must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their customers. Additionally, 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 the effectiveness of internal controls over financial reporting.

As a service organization, Genesis is committed to excellence in everything we do. Each year we engage the international accounting and auditing firm of Baker Tilly to perform our SAS 70 Type II process control audit. In the wake of increasing investigations and regulatory oversight we believe this is a positive step toward publicly demonstrating our commitment to excellence.

In addition to our own internal use, our customers may be able to leverage our SAS 70 Type II auditor's report to help reduce their own external examination costs for service organization process control audits. SAS 70 Type II examination should be included in every organization’s checklist when evaluating outsourced administrative service vendors. We will gladly share our audit results with clients upon request.

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