LOS ANGELES, CA, March 16, 2011 (Press-News.org) The exhaustive audit covered the period September 1, 2010 through February 28, 2011 and was performed by an independent accounting and auditing firm.
Completion of the SAS 70 Type II examination indicates that Corporate Colocation Inc. processes, procedures and controls have been formally evaluated and tested by an independent accounting and auditing firm. The examination included the company's controls related to: Physical Security, Environmental Security and Network Monitoring.
SAS 70 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user organization's management to obtain assurance about service organization internal controls without conducting additional assessments. In addition, the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 make SAS 70 reports even more important to the process of reporting on effective internal controls by public companies.
A SAS 70 examination is widely recognized, because it represents that a service organization has been through an evaluation of their control activities as they relate to an audit of the financial statements of its customers. A Type II report not only includes the service organization's description of controls, but also includes detailed testing of the design and operating effectiveness of the service organization's controls.
Jonathan Goodman, President of Corporate Colocation Inc. said in response to the news, "We are very pleased with the results of the audit which document the effort we have made to provide the highest level of service to our customers."
About Corporate Colocation Inc.
Corporate Colocation partners with its customers to provide reliable, secure, super-redundant green data center environments at affordable prices. For more information about Corporate Colocation Inc., visit: http://www.corporatecolo.com
Corporate Colocation Inc. Completes Examination in Conformity with Statement on Auditing Standards No. 70 (SAS 70), Service Organizations
Corporate Colocation Inc., operator of Green Data Centers in Los Angeles), today announced that it has recently completed its examination in conformity with Statement on Auditing Standards No. 70 (SAS 70).
2011-03-16
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[Press-News.org] Corporate Colocation Inc. Completes Examination in Conformity with Statement on Auditing Standards No. 70 (SAS 70), Service OrganizationsCorporate Colocation Inc., operator of Green Data Centers in Los Angeles), today announced that it has recently completed its examination in conformity with Statement on Auditing Standards No. 70 (SAS 70).